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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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