If Fed chair Janet Yellen thinks she can run the United States Federal Reserve exclusively for the empire of central bankers and financial cartels to the detriment of national employment and physical living standards then she must be replaced for cause.

Fed chair Janet Yellen’s failure to protect the United States from the predatory financial derivatives bubble that is consuming most of the available credit for agriculture, industry and infrastructure is clear malfeasance and cause for her removal by the President of the United States.

Intentionally subsidizing the derivatives gambling bubble that is directly suppressing high income productive employment is the reason she must be removed by our President.

Section 10.2 of the Federal Reserve Act clearly states that the President of the United States can fire the chairman of the Federal Reserve:

“Upon the expiration of the term of any appointive member of the Federal Reserve Board in office on the date of enactment of the Banking Act of 1935, the President shall fix the term of the successor to such member at not to exceed fourteen years, as designated by the President at the time of nomination, but in such manner as to provide for the expiration of the term of not more than one member in any two-year period, and thereafter each member shall hold office for a term of fourteen years from the expiration of the term of his predecessor, unless sooner removed for cause by the President.”

Removing Janet Yellen as Fed chair will create the potential for introducing the only workable alternative policy of using the Glass-Steagall and Commodity Exchange Acts as standards for removing predatory financial derivatives while opening Fed windows for infrastructure, science, and productive capacity.

The solution is clear Mr. President, fire Janet Yellen.