Does the US president have the power to sack a Federal Reserve governor?

The article discusses the ongoing tension between the U.S. president and the Federal Reserve, specifically regarding the power to remove a Federal Reserve governor. President Trump has expressed his disapproval of Lisa Cook, a Federal Reserve governor, and has hinted at the possibility of removing her from her position. However, the article suggests that the president's authority to dismiss a Federal Reserve governor is limited, as they are typically appointed to 14-year terms and can only be removed "for cause," such as misconduct or neglect of duty. The article also explores the potential implications of a president attempting to interfere with the independence of the Federal Reserve, which is widely regarded as an essential component of the U.S. economic system. It highlights the importance of maintaining the central bank's autonomy and the potential for political interference to undermine public trust in the institution.
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