[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  James Fishback [@j_fishback](/creator/twitter/j_fishback) on x 65.7K followers Created: 2025-07-16 16:22:18 UTC President Trump absolutely has the authority to fire Jerome Powell. The Federal Reserve Act — the law that governs the Fed — says the President can remove the Chair “for cause.” That’s legal jargon, but it basically means if the Chair is acting irresponsibly, obstructing policy, or not doing the job, the President can step in. Now let’s look at what Powell is doing. In 2024, just before the election, Powell cut interest rates by XX basis points — even though inflation was still running hot. Fast forward to now: inflation has come down significantly, with PPI this morning showing zero inflation last month. And yet, Powell refuses to cut rates. So what changed? Not the data — the data argues for lower rates. What’s changed is the politics. Powell and others at the Fed don’t like Trump’s economic plans — especially his tariffs. And now they’re holding back rate cuts that would benefit American workers, businesses, and the broader economy. That’s not independence. That’s interference. And it rises to the level of “cause” needed to justify removing him. If a Fed Chair is actively working against a sitting President’s pro-growth agenda based on personal and political views, the law gives the President the power to act. Whether the President chooses to exercise that right is entirely up to him — and I respect his judgment either way. XXX engagements  **Related Topics** [fed](/topic/fed) [powell](/topic/powell) [jerome powell](/topic/jerome-powell) [federal reserve](/topic/federal-reserve) [donald trump](/topic/donald-trump) [Post Link](https://x.com/j_fishback/status/1945519371838795930)
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James Fishback @j_fishback on x 65.7K followers
Created: 2025-07-16 16:22:18 UTC
President Trump absolutely has the authority to fire Jerome Powell. The Federal Reserve Act — the law that governs the Fed — says the President can remove the Chair “for cause.”
That’s legal jargon, but it basically means if the Chair is acting irresponsibly, obstructing policy, or not doing the job, the President can step in.
Now let’s look at what Powell is doing.
In 2024, just before the election, Powell cut interest rates by XX basis points — even though inflation was still running hot. Fast forward to now: inflation has come down significantly, with PPI this morning showing zero inflation last month. And yet, Powell refuses to cut rates.
So what changed? Not the data — the data argues for lower rates. What’s changed is the politics. Powell and others at the Fed don’t like Trump’s economic plans — especially his tariffs. And now they’re holding back rate cuts that would benefit American workers, businesses, and the broader economy.
That’s not independence. That’s interference. And it rises to the level of “cause” needed to justify removing him. If a Fed Chair is actively working against a sitting President’s pro-growth agenda based on personal and political views, the law gives the President the power to act.
Whether the President chooses to exercise that right is entirely up to him — and I respect his judgment either way.
XXX engagements
Related Topics fed powell jerome powell federal reserve donald trump