A Supreme Court Ruling on Labor Boards Could Let Trump Take Over the Federal Reserve

April 17, 2025 05:38 AM

If the Supreme Court rules that President Donald Trump is allowed to fire the members of the National Labor Relations Board and the Merit Systems Protections Board, the justices would also be implicitly giving Trump more control over interest rates and monetary policy, a group of legal scholars and the fired commissioners argued to the top court this week.

On its face, the case in question is just about fired federal workers — specifically, Gwynne Wilcox from the NLRB and Cathy Harris from the MSPB.

But all the parties agree that a bigger legal question is at play on the subject of the president’s power. Some close court watchers say the only logical extension of the government’s arguments is political control over the Federal Reserve too.

Jerome Powell, the Fed’s chair, said, “It’s a situation that we’re monitoring carefully,” at The Economic Club of Chicago on Wednesday. “That’s a case that people are talking about a lot. I don’t think that that decision will apply to the Fed, but I don’t know.”

Trump posted on Truth Social Thursday morning that Powell’s “termination cannot come fast enough!”

https://archive.ph/NCGZH#selection-1317.0-1353.86

https://www.notus.org/donald-trump/supreme-court-federal-reserve-independent-agencies