Supreme Court weighs Fed’s independence

Supreme Court weighs Fed’s independence

The United States’ judicial branch is set to reexamine an old decision that could have huge new consequences for the credibility and stability of the world’s largest economy. The Supreme Court has requested briefs in a case that concerns the so-called “Humphrey’s Executor” precedent, a 90-year-old ruling that stops presidents from firing the leaders of quasi-governmental institutions without cause. The Trump administration, which wants more powe…

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Fed independence at risk