Today’s notice: Institutional independence is in question. The extent of DOGE savings, also in question. One thing nobody questions: the bliss of retirement.
Independence Tests
Trumpian unpredictability has reached the Federal Reserve.
“That’s a case that people are talking about a lot,” Fed Chair Jerome Powell said yesterday of a pending decision from the Supreme Court on how much sway President Donald Trump can hold over the independent National Labor Relations Board. “I don’t think that that decision will apply to the Fed — but I don’t know.”
The case, which is about NLRB members who the Court has at least temporarily allowed Trump to fire, is central to just how much independence nominally independent agencies can have from the White House. As NOTUS’ Claire Heddles writes, the answer might be… less than people like Powell had thought!