The president seemed poised for a big Supreme Court win letting him remove officials without cause. But the justices appeared to struggle with how to insulate the Federal Reserve from politics.
President Trump has mused about trying to fire Jerome H. Powell, the Fed chair, but he has not followed through. Indeed, no president has sought to remove a member of the Fed board without cause.
The president seemed poised for a big Supreme Court win letting him remove officials without cause. But the justices appeared to struggle with how to insulate the Federal Reserve from politics.
President Trump has mused about trying to fire Jerome H. Powell, the Fed chair, but he has not followed through. Indeed, no president has sought to remove a member of the Fed board without cause.
Chief Justice John G. Roberts Jr. and other conservatives on the Supreme Court have embraced the so-called unitary executive theory, which holds that the Constitution vests all executive power in the president and that he must be able to control everything the executive branch does.
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