The Trump administration has lodged an urgent appeal with the Supreme Court, seeking authorization to terminate employees at two designated federal agencies. This legal maneuver aims to dismantle the 1935 precedent set in Humphrey’s Executor v. United States, which affirmed Congress’s authority to insulate select senior officials within independent bodies from arbitrary presidential dismissal.
This decades-old judicial edict has preserved a measure of operational autonomy for such agencies, shielding them from overt executive influence. Trump’s legal cadre asserts these limitations on dismissal powers contravene Article II of the Constitution, which vests executive prerogatives in the presidency. They maintain that agencies exercising substantial administrative clout must operate under unfettered presidential supervision.
Bloomberg observes the case could “ultimately could test whether Trump has the power to fire Federal Reserve Chair Jerome Powell.” Existing doctrine fortifies leaders of independent entities—including the Fed—against removal absent substantive justification. Powell’s role, however, enjoys additional bulwarks under the Federal Reserve Act, mandating “good cause” for termination.
Scrapping Humphrey’s Executor might destabilize these safeguards, expanding presidential dominion over institutions like the Fed and imperiling their impartiality. The gambit coincides with legislative efforts to dissolve the central bank entirely and aligns with Project 2025’s vision to overhaul the U.S. monetary framework, eradicating its “monetary dysfunction.” Chapter 25, which dissects the Fed’s history, claims economic contractions have recurred quinquennially since its inception.
This development unfolds as Trump intensifies pressure on Powell to dramatically reduce the federal funds rate. Before suspending select tariffs Wednesday, Trump lambasted Powell’s purported sluggishness, demanding immediate rate cuts and depoliticized decision-making. Though the Fed convened privately days before Trump’s tariff pause, it remains steadfast on maintaining its policy rate, signaling no imminent retreat.
免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。