Trump's Presidency Affects Fed Operations

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Trump-Vance transition spokesperson: Policy should only be deemed official if it comes from President Trump .

It's unclear if Trump has legal authority to overhaul the Fed ’s independence on his own, let alone at all, or remove a Fed appointee before their term expires.

Trump has not publicly voiced his support for dismantling the Fed , but on the campaign trail, he has advocated for changing the central bank's rulebook.

In a 7 -2 court ruling this year , the Supreme Court ruled the Consumer Financial Protection Bureau could continue to operate in its current form despite many Republican lawmakers’ arguments that its structure was unconstitutional. And last month , the court declined to hear a case that threatened to dismantle the independent Consumer Product Safety Commission . Like officials sitting on the Fed ’s Board of Governors , members of the Consumer Product Safety Commission’s board can only be removed by a president for cause..