Posted on 05/22/2025 8:58:58 PM PDT by RandFan
The Supreme Court on Thursday strongly suggested that Federal Reserve board members would have special protection against being fired by a president in a ruling that, for now, allows President Donald Trump to fire two members of other federal agencies’ boards.
The Supreme Court in its ruling said, “We disagree” with arguments by Gwynne Wilcox of the National Labor Relations Board and Cathy Harris from Merit Systems Protection Board that their challenges to their terminations “necessarily implicate the constitutionality of for-cause removal protections for members of the Federal Reserve’s Board of Governors or other members of the Federal Open Market Committee.”
“The Federal Reserve is a uniquely structured, quasi-private entity that follows in the distinct historical tradition of the First and Second Banks of the United States,” the majority ruling said.
(Excerpt) Read more at cnbc.com ...
I thought the Federal Reserve Chair served at the pleasure of the President
Perhaps I’m not correct on that one
That’s the one yeah
Well, the FED “members” are represented on the Board of Directors of the Blackmail Bank of America, ensuring the continuation of their “policies.”
Does that include the helicopter-based air transport service?
The sewer grate. It’s on GEarf.
Yeah I’ve heard that claim ....
Watched about 7-10 videos on witnesses from that day, many railroad workers
Now JFK was certainly no saint for sure, but he looks almost right of center compared to today’s Democrats
Not strange at all.
Given who controls the SCOTUS.
Yeah - after the last admin firmly cemented the Fed as a Left-wing, globalist entity...now it’s “hands off”
So, the Supreme Ct says tradition is important...
Only when it suits their proper masters.
Trump is just taking the least cost avenue to carry out the trash.
Exactly; the Federal Reserve no more federal than Federal Express or United Postal Service.
It’s essentially what he did with the WTO. He came in and said, “Tariffs. Line up, because we are negotiating them with everyone, and those that won’t negotiate will have them imposed upon them.”
I’d use Silver and Gold both and print the certs. End the Fed.
PINOCHETE 2028!
Only the best for marxists.
The Fed is not a department of the executive branch like the Treasury. It is a consortium of private banks, though nominally under government control.
The Federal Reserve Chair is hired by the President.
Firing one is a bit more difficult—under current law.
That said—I agree with the poster who noted that some future president will probably say “enough is enough” and fire a Fed chair and arrest any judges who object.
The leftists have turned the Constitution into ash—so this is a mess they created.
ah, OK
there is.
you and I... are two of them... of several 10’s of millions.
theoretically.
he IS right of center to democrats today... as he is to the right of many, many, many so-called “republicans”
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