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Supreme Court rules President Trump can't fire Federal Reserve Chair Powell without cause.
The US Supreme Court has ruled that the Federal Reserve is a "uniquely structured, quasi-private entity," which means President Trump cannot dismiss Federal Reserve Chair Jerome Powell without cause.
This decision eases concerns about Trump's potential to fire Powell for political disagreements.
The ruling comes amid legal challenges over Trump's authority to dismiss officials from independent agencies, a move the court allowed for two labor board members.
The Federal Reserve Act of 1913 protects Fed officials from being fired except for malfeasance or misconduct.
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La Corte Suprema dictamina que el Presidente Trump no puede despedir al Presidente de la Reserva Federal Powell sin causa.