Supreme Court shields Fed from Trump firings

Supreme Court Shields Fed from Firings

A Thursday Supreme Court decision will likely quell concerns that President Donald Trump might fire Federal Reserve Chair Jerome Powell.

‘Uniquely Structured': The high court said the Fed’s a “uniquely structured, quasi-private entity” as it let Trump fire top officials at two other agencies while a legal fight goes forward. The ruling shields the central bank from Trump’s push to oust top officials at independent federal agencies.

The decision provides a measure of clarity to Powell’s job security after a period of uncertainty. Trump said in a social media post last month that “Powell’s ...