Supreme Court ruling raises storm clouds for Fed
Decision to allow dismissal of agency staff without cause poses risks to bank’s independence, say experts
Legal experts have criticised a recent ruling by the Supreme Court of the United States (Scotus) that effectively upheld President Donald Trump’s decision to dismiss two members of independent government agencies. The decision, they say, raises questions about the Federal Reserve’s continued independence, notwithstanding the court’s reassurances that the Fed would not be affected.
On May 22, the court ruled by a 6–3 majority on an emergency docket to stay a decision by a district court that would
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