US EditionSupreme Court Signals It Could Shield Federal Reserve From Donald Trump
- On May 22, 2025, the U.S. Supreme Court issued a decision regarding President Donald Trump's removal of two members from the federal labor board in Washington.
- The case arose from Trump's attempts to remove independent agency officers without cause, challenging the 1935 Humphrey’s Executor precedent that limits presidential firing power.
- The Court allowed Trump to keep Wilcox and Harris sidelined but indicated this ruling does not grant similar dismissal powers over Federal Reserve Chair Jerome Powell, easing market concerns.
- Justice Elena Kagan highlighted that in recent decades, it has been uncommon for a President to attempt dismissing an official from a traditionally independent agency absent a valid justification, warning that such actions could lead to disorder.
- The decision suggests the Federal Reserve remains legally protected from at-will firing, maintaining separation of powers and financial market stability amid Trump’s criticism and potential successor plans.
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Supreme Court Ruling Eases Fears Over Trump's Power to Dismiss Fed Chair
Supreme Court Ruling Eases Fears Over Trump's Power to Dismiss Fed Chair The recent U.S. Supreme Court decision has eased concerns regarding President Donald Trump's authority to dismiss Federal Reserve Chair Jerome Powell. The ruling, focused on Trump's ability to sideline two federal labor board members, does not grant him similar powers over the Federal Reserve.Legal representatives for dismissed labor board members argued that a ruling favor…
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Leaning Left1Leaning Right2Center4Last UpdatedBias Distribution57% Center
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