Supreme Court Shields Fed
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The Supreme Court went out of its way to note in an unrelated ruling Thursday that President Donald Trump cannot legally remove Federal Reserve Chair Jerome Powell. In a decision that did allow Trump to fire two members of independent federal labor boards, the high court said that the Federal Reserve, on the other hand, holds a different status.
The Supreme Court on Thursday said the relationship between the president and the Federal Reserve is different from that of other independent agencies, signaling that Chair Jerome Powell is ...