Trump Asks Supreme Court to Allow Dismissal of Fed Chair Powell — Potential Impact on the US Dollar

On September 18, COINOTAG News, citing Xinhua Finance, reported that the Trump administration has asked the U.S. Supreme Court to address whether the President may dismiss Federal Reserve Board Governor Jerome Powell. The submission centers on the statutory and constitutional question of presidential removal authority over independent agency officials and requests definitive judicial clarification. The case, as described by the sources, frames a legal dispute requiring court resolution rather than signaling an immediate operational change at the Federal Reserve. Market analysts and policy observers are likely to follow the proceedings closely given the potential governance implications, while the underlying legal issue remains subject to Supreme Court interpretation.