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Trump aims to pave the way for the dismissal of Powell, U.S. Supreme Court: The Federal Reserve (FED) is unique.
On May 23, Jin10 reported that the U.S. Supreme Court ruled on Thursday that the Federal Reserve (FED) is unique among government agencies. The court's ruling pertains to cases involving leaders of independent agencies who were dismissed by Trump. The court ruled that these officials may still be dismissed before the case is fully heard. However, the Federal Reserve (FED) is different. Court documents indicate that "the Federal Reserve (FED) is a uniquely structured quasi-private entity." President Trump has repeatedly criticized Powell and stated in April that "it wouldn't be fast enough to fire Powell."