The Supreme Court will decide if the president can fire Fed chairpersons without cause, potentially affecting monetary policy independence.

The U.S. Supreme Court has agreed to hear a case challenging the independence of the Federal Reserve, a move that could reshape the central bank's authority. The dispute centers on whether the president can remove Fed chairpersons without cause, raising concerns about political interference in monetary policy. The outcome may affect how the Fed manages inflation, interest rates, and economic stability in the future.