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U.S. Supreme Court Denies Trump Authority to Dismiss Fed Chairman
2025-05-23 /
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Author：小编
On Thursday, the U.S. Supreme Court issued a ruling affirming the Federal Reserve's unique status among governmental agencies, specifying that its board members enjoy special protection and cannot be summarily dismissed by the President. Despite Trump's success in terminating two board members from other independent agencies, the Court underscored in its decision that the Federal Reserve, as a quasi-private entity with a distinct structure, must remain immune to political influence. Trump has repeatedly lambasted Federal Reserve Chairman Powell and signaled his desire to dismiss him, but this ruling fortifies the legal safeguards around the Federal Reserve's independence.
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