The US Supreme Court has signalled it may shield the Federal Reserve from a potential review of Donald Trump’s ability to fire officials of independent agencies, in an order that could quell concerns around the president removing the central bank’s chair.
As the country’s top court on Thursday temporarily kept in place Trump’s dismissal of members of the National Labor Relations Board and the Merit Systems Protection Board, it suggested Fed officials may be subject to stronger protections. The case is making its way through lower courts.
In the unsigned order, the Supreme Court said it disagreed with the board members’ argument that their cases implicate the constitutional protections against removal of members of the Fed’s board of governors or the Federal Open Market Committee.