Scott Alvarez: This is the first time a president has attempted to remove a Fed gov for cause

Let me bring in Scott Alvarez who's the former general counsel to the Fed board of governors and also a Georgetown law adjunct professor. When you were advising the board, did this question of what constitutes cause ever come up for you. Well, no, it did not.Um, in fact, this is the first time a president has attempted to remove a governor from the Federal Reserve in the Federal Reserve's history. Remove them for cause. So, this is a denovo issue for the Federal Reserve.I I I'm looking at the government's r ...