Source: https://news.bitcoin.com/targeting-the-fed-trumps-judicial-play-puts-jerome-powells-tenure-on-thin-ice/

In a recent development outlined in a Bloomberg report, President Donald Trump has made a significant move by filing a request to the Supreme Court to allow him to remove senior officials from two independent federal agencies. This move has raised concerns and sparked discussions about the possible implications it could have on the autonomy and independence of these agencies.

The report suggests that by seeking the authority to dismiss top officials from these agencies, President Trump might be aiming to create a legal precedent that could potentially enable him to remove Federal Reserve Chair Jerome Powell. This potential action could challenge the traditional norms that have historically safeguarded the Federal Reserve's independence from political interference.

The independence of the Federal Reserve is crucial for maintaining the stability and credibility of the U.S. financial system. The central bank is