It's hard out there for a Fed chair

President Trump has flirted with firing Federal Reserve Chair Jerome Powell since returning to office, but can he legally do that? Not without good cause. Today on the show, the danger of Trump's amped up attacks on Powell and the Fed's independence. <br /><br />Follow Chris Hughes <a href="https://chrishughes.substack.com/" target="_blank">on Substack</a>. <br /><br /><strong>Related listening: <br /></strong>A primer on the Federal Reserve's Independence (<a href="https://podcasts.apple.com/us/podcast/planet-money/id290783428?i=1000704612191" target="_blank">Apple</a> / <a href="https://open.spotify.com/episode/79RVILzNKnQeBbpa0IqNL3?si=UCqNqXZWT2WnPHGh4X7bOA" target="_blank">Spotify</a>) <br /><a href="https://www.npr.org/2023/02/02/1153914311/arthur-burns-shorthand-for-fed-failure" target="_blank">Arthur Burns: shorthand for Fed failure?</a> <br /><br /><em>For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at </em><a href="http://plus.npr.org/" target="_blank"><em>plus.npr.org</em></a><em>. <br /><br />Fact-checking by </em><a href="https://www.npr.org/people/g-s1-26724/sierra-juarez" target="_blank"><em>Sierra Juarez</em></a><em>. Music by </em><a href="https://dropelectric.bandcamp.com/" target="_blank"><em>Drop Electric</em></a><em>. Find us: </em><a href="https://www.tiktok.com/@planetmoney" target="_blank"><em>TikTok</em></a>, <a href="https://www.instagram.com/planetmoney/" target="_blank"><em>Instagram</em></a>, <a href="https://www.facebook.com/planetmoney" target="_blank"><em>Facebook</em></a>, <a href="https://www.npr.org/newsletter/money" target="_blank"><em>Newsletter</em></a><em>. </em><br /><br />See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.<br /><br /><a href="https://www.npr.org/about-npr/179878450/privacy-policy">NPR Privacy Policy</a>