WSJ  |  Economy

The Court Ruling in the Fed Chair’s Favor Is a Double-Edged Sword

法院对美联储主席有利的裁决是一把双刃剑

The Court Ruling in the Fed Chair’s Favor Is a Double-Edged Sword
2026-03-14  857  中等
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A federal judge’s ruling Friday throwing out a pair of criminal subpoenas targeting Fed Chair Jerome Powell underscored how President Trump has upended that arrangement, pressing to exert direct control over interest-rate decisions in any way possible. The result has been an arrangement where Fed independence is protected no longer by norms, but by court orders.

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