>>212281493>Trump is a minute away from getting rid of the head of the federal reserveHe doesn't have the power to do that. He can appoint a new head once Powell's term expires.
However, the Chairman of the Federal Reserve doesn't have unilateral authority to lower interest rates, they have to have the consent of the Board of Governors. So even if he does get Powell replaced with some idiot, they wouldn't be able to lower rates unless the Board of Governors agreed. Most likely he'll be replaced by Bessent, and Bessent is smart and would probably be fine as Federal Reserve chairman he's just pretending to be dumb so he doesn't make Trump upset.