Cornell Law professor Michael C. Dorf examines President Trump’s threats to fire Federal Reserve Chair Jerome Powell over Powell’s refusal to lower interest rates amid economic uncertainty from Trump’s own policies, including tax cuts, immigration enforcement, and tariffs. Professor Dorf argues that Powell’s cautious approach is justified given the unpredictable economic impacts of Trump's policies, and explores the legal ambiguity around whether Trump can lawfully remove Powell, ultimately suggesting that market forces rather than legal constraints may be the main deterrent to such action.
GW Law professor and economist Neil H. Buchanan describes why President Trump’s recent attacks on the nation’s independent central bank, the Federal Reserve, is dangerous and worrisome. Buchanan explains the reason the Fed is independent of politics and highlights the importance of its continued existence and independence, regardless of who is in the White House.
