Trump vs. Fed Chair: How an Overlooked Supreme Court Ruling Could Avert a Recession

President Trump’s frequent threats to dismiss Federal Reserve Chair Jerome Powell coincide with market turmoil. Recent comments from Powell indicated that Trump’s tariffs could lead to inflation and economic stagnation. In response, the Dow plummeted over 950 points. Trump's desire to fire Powell, however, faces significant legal hurdles, with his power constrained by established statutes ensuring the Fed's independence, as emphasized by historical case law. Overturning this precedent poses considerable risks, threatening to ignite economic instability reminiscent of France's revolutionary past.