Powell Brushes Off Trump's Removal Threat: Economists Say 2026 Could Be His Last Stand [Yahoo! Finance]
Comerica Incorporated (CMA)
Last comerica incorporated earnings: 4/21 06:34 am
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Source: Yahoo! Finance
Trump has been critical of Powell's handling of interest rates since appointing him in 2018, and many have speculated that a Trump-led White House may clash with the central bank yet again. But Powell didn't mince words during his press conference following the Fed's November interest-rate cut, stating firmly that a U.S. president “is not permitted under the law” to remove the central bank governor. Powell also added that he would refuse to step down if Trump requested him to do so While the Federal Reserve Act technically shields the Fed's chair from presidential removal, there are also some caveats. Under Section 10 of the Act, a Fed chair can only be dismissed by the president in cases of legal or ethical violations—not simply due to policy disagreements. This structure is designed to keep monetary policy free from short-term political interference. However, Trump could choose not to reappoint Powell once his term expires in 2026, potentially replacing him with someone mor
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CMA
Earnings
- 10/18/24 - Beat
CMA
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form SC
- 11/7/24 - Form 144
- CMA's page on the SEC website