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flag Supreme Court rules President Trump can't fire Federal Reserve Chair Powell without cause.

flag 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. flag This decision eases concerns about Trump's potential to fire Powell for political disagreements. flag 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. flag The Federal Reserve Act of 1913 protects Fed officials from being fired except for malfeasance or misconduct.

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