The Supreme Court ruled that Trump can dismiss federal agency officials, but the Federal Reserve is not affected

According to the Supreme Court ruling, in the case of "Trump v. Wilcox," the court approved President Trump's dismissal of two Democratic officials from the National Labor Relations Board (NLRB) and the Federal Civil Service Protection Board (MSPB), despite having no lawful grounds for dismissal, as part of the exercise of presidential executive power. However, the court made it clear that the decision does not apply to the Federal Reserve, calling it a "structurally unique quasi private entity," thereby protecting Fed Chairman Powell from the impact of his dismissal.