Trump seeks to clear the way for firing Powell US Supreme Court: The Federal Reserve is unique

The U.S. Supreme Court ruled on Thursday that the Federal Reserve is unique among government agencies. The court's decision pertains to a case involving the removal of an independent agency leader by Trump. The court ruled that these officials may still be removed before a full hearing of the case. But the Federal Reserve is different. Court documents show, "The Federal Reserve is a uniquely structured quasi-private entity." President Trump has repeatedly criticized Powell and stated in April, "Firing Powell can't happen soon enough."