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Supreme Court Upholds Fed Independence, Shielding Powell from Presidential Removal
Supreme Court Upholds Fed Independence, Shielding Powell from Presidential Removal
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The U.S. Supreme Court has firmly rejected speculation about President Trump’s ability to dismiss Federal Reserve Chair Jerome Powell, affirming the central bank’s unique institutional independence. In a May 23 ruling, justices highlighted structural safeguards that place the Fed beyond presidential reach—a decision with far-reaching implications for monetary policy stability.
While preserving Powell’s leadership, the judgment grants the WHITE House broader authority over other regulatory agencies. This dichotomy has ignited fresh debates about the proper equilibrium between political oversight and technocratic governance in financial institutions.
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