PBS NewsHour

Does the president have the ability to fire the Fed chair?

Clip: 12/26/2018 | 5m 47s Video has closed captioning.

President Trump's recent criticism of Jay Powell, chairman of the Federal Reserve, has prompted questions about whether the president might try to fire Powell. But does he have the legal authority to do so? New York Times correspondent Binyamin Appelbaum joins Nick Schifrin to discuss the need for an independent Federal Reserve and how these "uncharted waters" have unsettled financial markets.

Aired: 12/26/18

Rating: NR

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