
Trump’s Move to Fire Fed Governor Sets Up New Legal Test of Presidential Power
WSJ What’s News
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For-Cause Removal Is Legally Unsettled
- The Federal Reserve Act restricts presidential removals of Fed governors to 'for cause' only, creating legal ambiguity when a president attempts dismissal.
- The Supreme Court has recently shown skepticism toward long-standing tenure protections for independent agency officials, signaling a potential shift.
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