'The law is clear that I have a four-year term, and I fully intend to serve it,' Powell told '60 Minutes.'
Federal Reserve Chairman Jerome Powell said in an interview with CBS'"60 Minutes" which aired on Sunday night that President Donald Trump cannot fire him according to the law.
Powell's comments follow months of attacks by the president, who has expressed displeasure with recent rate hikes, and has even reportedly discussed firing the chairman.Federal Reserve Chairman Jerome Powell said in an interview with CBS'"60 Minutes" on Sunday that President Donald Trump cannot fire him according to the law.
"The law is clear that I have a four-year term, and I fully intend to serve it," Powell told"60 Minutes" in an interview which aired Sunday night.
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