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    • US President cannot remove a Fed board member under the law, says Jerome Powell - Adamant Capital Fund
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    US President cannot remove a Fed board member under the law, says Jerome Powell
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    US President cannot remove a Fed board member under the law, says Jerome Powell

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    The U.S. president has no legal authority to remove a member of the Board of Governors of the Federal Reserve System, Fed Chair Jerome Powell said on Tuesday.

    Powell’s statement came in response to a question from a Democratic senator during his testimony before the Senate Banking Committee.

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