US Supreme Court allows Trump to fire heads of independent agencies, does not apply to Fed ...Middle East

The decision, though temporary, signals support for Trump's broad claims of presidential authority over federal appointments.

There was some market concern that this may pave the way for Trump to fire Powell, but the indications from the ruling seem to indicate it doesn't apply to the Federal Reserve. The ruling said that

"the Federal Reserve is a uniqueely structured, quasi-private entity that follows in the distinct historical tradition of the First and Second Banks of the United States." This article was written by Eamonn Sheridan at www.forexlive.com.

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