President Donald Trump on Saturday posted on Truth Social a cartoon-style image that appeared to show him firing Federal Reserve Chairman Jerome Powell. Earlier in September, the central bank cut interest rates for the first time this year, but Trump still argued it was not enough. Trump challenges Fed leadership despite legal rulingsThe idea of removing a Fed chair is unprecedented. A recent Supreme Court decision ruled that the president does not have the authority to remove Federal Reserve officials at will. Lisa’s attorneys countered in their filing that her removal could threaten the independence of the Federal Reserve.