Should the President have the power to replace the Federal Reserve Chair?

Context

The Federal Reserve Chair leads the nation's central bank, which controls monetary policy and regulates banks—decisions affecting inflation, employment, and economic growth. The President currently nominates the Chair (subject to Senate confirmation) but cannot unilaterally remove them; the debate centers on whether Presidents should gain direct removal power, a question with profound implications for central bank independence versus democratic accountability. Recent political tensions have intensified this longstanding constitutional question.