The FDIC that insures your banks, the occ, that's still there, the Consumer Financial Protection Bureau, the financial regulator for the credit, credit unions, and the Fed, all are independent of politics as much as we can make them. And the Fed, explicitly, The President of the United States does not have the power to fire the head of the Fed. if he tries. Two things are going to happen. The first one is that they're going to end up in the Supreme Court, because I believe that the head of the Fed, to protect the Fed into the future, will fight it. (20:38–20:46)
CLAIM
Asserts that the U.S. President cannot fire the Federal Reserve Chair.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
