The way Joe diGenova, former U.S. attorney for Washington, D.C., and Victoria Toensing, former chief counsel for the Senate Intelligence Committee, see it, President-elect Donald Trump and Federal Reserve Chair Jerome Powell are playing a game of chicken when it comes to the latter remaining in his position once the former is sworn into office in January.

Some of Trump’s advisers have reportedly called on Powell to resign, but he has said he will not resign and cannot be fired, even if the incoming president wants to appoint a new Fed chair.

During a Tuesday appearance on Newsmax’s “The Chris Salcedo Show,” Toensing said that “the Fed is constitutional,” but the “bad statutory writing” was “silent on how you could get rid of the chairman.”

Read more at Newsmax© 2024 Newsmax. All rights reserved.