India, April 17 -- Jerome Powell has recently insisted that he cannot be fired without cause, but legal experts highlight ambiguities in the law. Analysts suggest that Donald Trump's criticisms may aim to pressure the Fed to lower rates, though outright removal would face significant hurdles, including legal battles and market risks. Most observers believe Trump is more likely to influence policy than force a leadership change, according to a Barron's report.

The question of whether a U.S. president can fire a Federal Reserve chair has resurfaced amid speculation about Donald Trump's potential efforts to challenge Jerome Powell's leadership. Powell, appointed by Trump in 2017 and later reconfirmed by President Biden until 2026, has clash...