Trump, Jerome Powell and Fed
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The Supreme Court on Wednesday said it will allow President Trump to fire three members of the independent Consumer Product Safety Commission.
A judge had reinstated three members of the Consumer Product Safety Commission, a federal agency set up by Congress to be independent of political pressure.
2don MSN
The court signaled again that it believes the president has the power to fire the leaders of agencies and commissions that Congress said were independent.
Elizabeth Warren opposed Jerome Powell. Now she worries Trump will fire him - Once the Federal Reserve chairman’s biggest critic, Warren fears Trump’s attacks on the central bank’s independence
President Donald Trump has escalated his pressure campaign against Federal Reserve Chair Jerome Powell, leaving the door open to ousting him for “fraud,” he said last week. That raises questions about what would happen if Trump actually tires to fire the central bank leader.
President Donald Trump‘s bids to replace a litany of independent agency heads have prompted legal challenges from the Left, which could end up with the Supreme Court revisiting a 90-year-old precedent related to the president’s firing power.
The Trump administration is sending mixed messages about whether Fed Chair Jerome Powell should stay with the central bank until the end of his term.
President Trump responded angrily on Sunday to a Wall Street Journal story that Treasury Department Secretary Scott Bessent had personally sought to talk him out of trying to fire Federal Reserve Chair Jerome Powell.