The US Supreme Court has indicated it may protect the Federal Reserve from scrutiny regarding Donald Trump’s authority to dismiss officials from independent agencies, suggesting stronger safeguards for Fed officials. This follows a decision to uphold Trump’s removal of members from the National Labor Relations Board and the Merit Systems Protection Board, while the case could revisit the landmark 1935 ruling limiting presidential removal powers. Concerns persist about Trump’s previous statements on potentially firing Fed Chair Jay Powell, which have unsettled markets despite his claim of no intention to do so.
