President Trump is reportedly investigating whether he has the authority to fire Federal Reserve Chairman Jerome Powell, sparking debate about the independence of the US central bank and its ability to make objective monetary policy decisions. The question arises in the context of Trump’s past criticism of Powell’s interest rate policies, which often clashed with his administration’s economic objectives. legal experts are divided on whether such a move is legally possible. Some argue that removing Powell requires clear evidence of misconduct or failure to perform duties, while others suggest the President might attempt to demote him from the chairmanship without complete removal. Regardless, this action would significantly impact market confidence and could set a dangerous precedent for future administrations regarding influencing central bank decisions.