Jerome Powell insists the Fed’s independence is enshrined in law. The Supreme Court might change that

Quick Summary:

Markets would likely be very spooked if the president could choose to influence monetary policy.

Roosevelt had unlawfully removed the chair of the Federal Trade Commission for political reasons and that the heads of such agencies could only be removed “for cause.

The day prior, Powell claimed the central bank’s coveted independence is a “matter of law,” noting he and Fed governors can only be fired for cause.

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Article Details

Author / Journalist: Greg McKenna

Category: EconomyBusiness

Markets: United States

Topics: Supreme Court Interest Rates Donald Trump Inflation Tariffs and trade Federal Reserve

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-17 @ 17:09:54 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 812 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 203 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27966916

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 38 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #95

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