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Supreme Court decision on Trump’s firing of Cook looms over the Fed

Financial Times•Monday, September 22, 2025 at 8:19:29 PM
NeutralFinancial Markets
Supreme Court decision on Trump’s firing of Cook looms over the Fed
The Supreme Court is set to make a significant decision regarding President Trump's authority to fire central banker Jerome Powell, which could have far-reaching implications for the Federal Reserve and its leadership. If the justices rule in favor of Trump's power to remove top officials, it could pave the way for further changes within the Fed, impacting monetary policy and economic stability. This case highlights the ongoing tension between the executive branch and independent financial institutions, making it a crucial moment for both the administration and the economy.
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