Reading view

There are new articles available, click to refresh the page.

Supreme Court Struggles With How to Insulate the Federal Reserve From Politics

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.

© Caroline Gutman for The New York Times

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.

A Key Question for the Supreme Court: What About the Fed?

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.

© Caroline Gutman for The New York Times

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.
❌