Did Donald Trump Fire fed Chief Jerome Powell?

Donald Trumppoint finished Jerome Powell as Fed chief in 2017 as the Fed chief and his term will end in May 2026. This is not the first time that Trump has threatened Powell to set fire as he clashed with Powell in 2018 and was more than the interest rate policies, but was not fired.On Wednesday night, Trump created a ruckus against Powell and said that his end could not come very fast.
Calling Powell “too late and wrong”, Trump said that he should now reduce the interest rates, although it is too late.
Earlier on Wednesday, Powell said that the level of increasing tariffs so far is much larger than anticipated and would cause “high inflation and slow growth”. As soon as Pavel spoke, American shares were tumbled. Powell said that there was no immediate need to cut interest rates.
In eight meetings to soften the impact of Trump’s trade war, the European Central Bank came to the European Central Bank for the seventh time to cut the interest rates of Trump. The ECB stated that the approach to development has “deteriorated due to growing trade stress.”

But can Trump set Powell on fire?

According to Marketwatch.com, Powell will be removed in the market. On the prediction market polymercate, Trump will remove Powell this year as high as 19 cents on the dollar, slightly above 16 cents.
On several occasions, Powell said that the President is not allowed to set fire under the law.
The Federal Reserve Act states that members of the Federal Reserve Board, including the Chairman, can be removed by the President by “for reason”, which the courts have interpreted as malpractices, disability, or malfunction – not only policy disagreements or personal dislikes. No clear law is clear that a President can remove the Fed chair, especially the fed chair, and no President has ever tried to do so.
Attempting to fire Powell, the vital market instability would be triggered, as seen in 2018 when the shares declined amid rumors of Powell’s removal. Legally, Trump’s ability to set fire to Pavel is highly constrained, requiring “for reason” which will fail to court until Powell made clear misconduct.