The U.S. Supreme Court ruled that Trump does not have to reinstate two senior labor agency officials he fired, dealing a blow to their legal efforts to reverse the terminations.
The decision, though temporary, signals support for Trump’s broad claims of presidential authority over federal appointments.
The officials led agencies meant to operate independently from the White House.
There was some market concern that this may pave the way for Trump to fire Powell, but the indications from the ruling seem to indicate it doesn’t apply to to the Federal Reserve.
Should be more info coming in on this, stay tuned
This article was written by Eamonn Sheridan at www.forexlive.com.
