According to the New York Times, Trump recently met with more than a dozen House Republicans at the White House, where he showed them a draft letter firing Federal Reserve Chairman Powell and asked for their opinions on whether he should do so, saying he "would most likely do it." Recently, Trump has repeatedly called for Powell's resignation, accusing him of failing to effectively cut interest rates. According to the law, the president cannot remove Federal Reserve officials without cause, a point that was reaffirmed by the U.S. Supreme Court in a ruling this May. "Cause" usually refers to illegal or seriously improper conduct, rather than policy differences. [The New York Times]
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