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The Case That Could Rewrite Presidential Power Over the Fed — and Why Wall Street Is Watching Every Filing
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The Case That Could Rewrite Presidential Power Over the Fed — and Why Wall Street Is Watching Every Filing
A federal judge has dismissed a lawsuit that sought to remove Federal Reserve Chair Jerome Powell before his term expires in May 2026, but the legal skirmish — and the political tensions fueling it — are far from over. The case, brought during a period of extraordinary friction between the White House and the central bank, tested a question that has lingered at the edges of American monetary policy for decades: Can a president fire the Fed chair…
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