Can President Trump Fire Fed Chair Powell? The White House Says Yes

Can President Trump Fire Fed Chair Powell? The White House Says Yes
The ongoing tension between President Trump and Federal Reserve Chair Jerome Powell has reached a new level. On Monday, White House economic adviser Kevin Hassett told CNBC that the president "certainly" has the authority to fire Powell if there is a valid reason. This statement comes after several top administration officials have publicly criticized Powell for his handling of the Fed's renovation project. The project, which has been criticized for its cost and timeline, has become a point of contention in the ongoing feud between the White House and the central bank. But can Trump really fire Powell?