It's just six months into President Trump’s second term, and speculation is swirling about the fate of his Federal Reserve chairman, Jerome Powell. Headlines pulse with the drama of his impending firing, and pundits are debating the consequences — as if such an act were merely a question of presidential will.

Yet beneath the spectacle lies a profound misunderstanding, not just of law but of the very architecture of American governance. The truth is simple: the president cannot legally remove the Fed chair at will. This is not political theater — it is constitutional guardrail.

As the Brookings Institution artfully explains, the Federal Reserve’s independence is no accident or mere convention. It is the deliberate product of decades of legal and institutional design intended to shield monetary policy from transient political pressures.

Jerome Powell’s term as chairman is set by

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