Can President Trump fire Jerome Powell, the Chair of the Federal Reserve Board? When bankers run central banks, economies are stable. When politicians run central banks, economies blow up. The Federal Reserve is an independent agency, and Jerome Powell can only be fired for cause. But the Supreme Court has made it clear that it doesn’t like independent agencies. What is likely to happen?

On July 8, the Supreme Court lifted a district court order which barred the Trump administration from eliminating thousands of jobs across the federal government. Though an important case, this isn’t the end of litigation over those firings. However, those seeking to oppose these RIFs (Reductions in Force) will now need to challenge them in a more piecemeal fashion, making such litigation more challenging and expensive.

First raised in the 1980s, the Unitary Executive Theory argues that the President should be allowed to fire the officials of all agencies, even if the positions are protected by Congress. President Trump’s administration has extended this theory beyond recognition to argue that agencies can refuse to spend money authorized by Congress, fire federal workers without following legal guidelines, and eliminate certain federal agencies completely. Dozens of cases are ongoing that will decide just how far the power of the Executive Branch can go.