Federal Reserve Chairman Says Trump Can’t Fire Him

President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, Nov. 2, 2017. Drew Angerer/Getty Images

Federal Reserve Chairman Jerome Powell believes President Donald Trump doesn’t have the legal authority to fire him and intends to serve out the rest of his four-year term.

In an interview with “60 Minutes” aired on March 10, host Scott Pelley asked Powell if the president can fire the chair of the Federal Reserve.