The U.S. Supreme Court shielded the Federal Reserve from Donald Trump¡¯s push to fire top officials at independent federal agencies, in a decision likely to quell concerns that the president might remove Jerome Powell.
In a ruling Thursday that let Trump oust officials at two other agencies, the court said its decision wouldn¡¯t apply to the Fed, calling it a ¡°uniquely structured, quasi-private entity.¡±
The decision provides a measure of clarity about Powell¡¯s job security after a period of uncertainty. Trump last month sent conflicting signals, posting on April 17 that ¡°Powell¡¯s termination cannot come fast enough!¡± before telling reporters April 22 that he has ¡°no intention of firing him.¡±
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