PBS NewsHour

Does the president have the ability to fire the Fed chair?

Clip: 12/26/2018 | 5m 47s

President Trump's recent criticism of Jay Powell, chairman of the Federal Reserve, has prompted questions about whether the president might try to fire Powell. But does he have the legal authority to do so? New York Times correspondent Binyamin Appelbaum joins Nick Schifrin to discuss the need for an independent Federal Reserve and how these "uncharted waters" have unsettled financial markets.

Aired: 12/26/18

Rating: NR

Video has closed captioning.

The full episode is no longer available for online streaming. Why?

Please continue to enjoy extra(s) from this episode.

Problems Playing Video?

Major corporate funding for the PBS NewsHour is provided by BNSF, Consumer Cellular, Leidos, Babbel, and Raymond James. Funding for the PBS NewsHour Weekend is provided by Mutual of America. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.