The Supreme Court of the United States ruled to defend the independence of the Federal Reserve! Powell temporarily retains his seat as Chairman, Trump vows "this is not over".

Wisdom Finance APP learned that on Monday local time, the US Supreme Court rejected the appeal of US President Trump to dismiss Federal Reserve Board member Lisa Cook. The ruling is seen by the outside world as defending the cherished independence of the Federal Reserve as it faces unprecedented challenges, although the Supreme Court did not make a ruling on whether Trump ultimately has the power to dismiss Cook or any other Federal Reserve member.