Can Trump Fire Powell? Supreme Court Just Gave the Answer

Supreme Court ruling effectively states President Donald Trump cannot dismiss Fed Chair Jerome Powell politically. The Court affirmed the Federal Reserve’s unique structure shields it from Trump’s expanded removal powers. This decision on the Trump-Powell dynamic calms market fears over Fed independence and Powell’s tenure. The U.S. Supreme Court on Thursday reassured financial markets and central bankers alike by signaling that the Federal Reserve remains immune to politically motivated personnel changes — even as it granted President Donald Trump broader authority to remove other federal officials. The ruling involving the recent dismissal of two federal labor board members by Trump, the Supreme Court upheld the firings but included a crucial line in its opinion that separated the Federal Reserve from other government agencies. The Court described the Fed as a “uniquely structured, quasi-private entity that follows in the distinct historical tradition of the First and Second Banks.” Related: US House Passes President Trump’s Big Beautiful Tax and Spending Bill That brief yet important statement helped calm growing concerns that Trump might att… The post Can Trump Fire Powell? Supreme Court Just Gave the Answer appeared first on Coin Edition .

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