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Reporter: "Can the President demote or remove you or any of the governors of the FOMC"
J Powell: Not permitted under the law.
Note: If Trump and a Republican Congress try to change this, expect bond rates to soar.
Reporter: "Can the President demote or remove you or any of the governors of the FOMC"
J Powell: Not permitted under the law.
Note: If Trump and a Republican Congress try to change this, expect bond rates to soar.