Artur Mardanyan
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#SecureYourAssets ⚖️ Trump vs the Federal Reserve — the independence of the U.S. central bank is at risk
🇺🇸 Donald Trump has appealed to the Supreme Court, challenging restrictions on firing heads of independent agencies, including Federal Reserve Chairman Jerome Powell.
📜 The issue concerns the review of the Humphrey’s Executor (1935) precedent, which guarantees the institutional autonomy of the Federal Reserve and other agencies from the influence of the White House.
😁 Trump's argument:
"The president must have full control over the executive branch — including the right to dismiss heads of agencies with administrative influence."
📌 Against the backdrop of strong criticism of the Federal Reserve for refusing to lower rates, this appears to be an attempt to politicize monetary policy.
❗️ If the court sides with Trump — it could radically change the balance of power, placing the Federal Reserve and other agencies under the control of the White House.
The independence of the Federal Reserve is key to the trust of global markets. Its undermining poses risks not only for the U.S. but for the global financial system.
🇺🇸 Donald Trump has appealed to the Supreme Court, challenging restrictions on firing heads of independent agencies, including Federal Reserve Chairman Jerome Powell.
📜 The issue concerns the review of the Humphrey’s Executor (1935) precedent, which guarantees the institutional autonomy of the Federal Reserve and other agencies from the influence of the White House.
😁 Trump's argument:
"The president must have full control over the executive branch — including the right to dismiss heads of agencies with administrative influence."
📌 Against the backdrop of strong criticism of the Federal Reserve for refusing to lower rates, this appears to be an attempt to politicize monetary policy.
❗️ If the court sides with Trump — it could radically change the balance of power, placing the Federal Reserve and other agencies under the control of the White House.
The independence of the Federal Reserve is key to the trust of global markets. Its undermining poses risks not only for the U.S. but for the global financial system.
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