The law is written by Congress, the implementation legislation of the Fed,

says that the president can fire a Federal Reserve Board Governor with cause.

In this episode, Jeffrey Tucker unpacks the recent controversy surrounding the Federal Reserve.

He's the founder and president of the Brownstone Institute and senior economics columnist at the Epoch Times.

No president since 1913 has taken on the Fed the way Trump is taking it on now.

And the Supreme Court, I think, is going to have to decide.

How did the creation of the Federal Reserve change America?

Does President Trump have the authority

to fire a Federal Reserve governor for alleged mortgage fraud? And what does it really mean

to be an independent federal agency?

What's striking to me about this, for all these years, this question has never really

been asked at this level, much less answered.

This is American Thought Leaders, and I'm Yanya Kelek.

Jeffrey Tucker, so good to have you back on American Thought Leaders.

My pleasure. Good to be here, Yon.

Let's start with this recent firing of the Federal Reserve

Governor Lisa Cook. Is this something that can happen? This is something that's wildly

contentious in our, and it's seemingly in our society, and people are coming in on either

side. What's your take? Well, she refuses to resign, believing that it can't happen,

that she's untouchable in some sense,

so the president cannot do this.

The problem is that the law, as written by Congress,

...