The court indicated its decision doesn’t necessarily apply to the central bank and Chairman Jerome Powell — a frequent target of Trump’s criticism on economic matters.

The Supreme Court’s conservative majority on Thursday said President Donald Trump likely has the authority to fire independent agency board members, endorsing a robust view of presidential power. But the court suggested that it could block an attempt to fire Federal Reserve Chair Jerome Powell,

The Supreme Court on Thursday said President Donald Trump doesn’t have to rehire senior officials he fired from two independent federal labor agencies that enforce worker protections, while the officials continue fighting in court to reverse their terminations.