Supreme Court sinks Trump’s attempt to take over Fed board

The Supreme Court has blocked President Trump's attempt to gain control of the Federal Reserve's board, ruling against his strategy to install three of his nominees and oust one from the previous administration. This decision maintains the existing board composition, preventing Trump from exerting his influence over the central banking system. It's a significant check on presidential power, ensuring that the Federal Reserve's leadership remains independent from political shifts. The ruling underscores the judiciary's role in safeguarding institutional autonomy against executive overreach.