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i note a statement by Jerome Powell  saying he can't be sacked ( protected by law )

 now that may be true , BUT Jerome's term expires  sometime in the next two years , and there is some chance that term will not be extended

 watch to see if Ron Paul gets a job in the Trump administration  , he has been disappointed with the Fed, for over a decade ,  if Ron  has some genuine authority  the Federal Reserve might have some uncomfortable moments coming