The president might want to admit that he’s retreating, but it’ll probably be awhile before he echoes his own rhetoric about the Fed chair's “termination.”

President Donald Trump has come out aggressively against Fed Chair Jerome Powell recently, calling him “a major loser” on his Truth Social account. Trump believes interest rates should

Most legal scholars agree that Trump can’t fire Powell from the Fed’s board of governors, and there is no legal precedent for doing so. However, there is less agreement over whether a president can remove him as chair.