Federal Reserve

Trump Can Fire a Lot of People. What's Special About the Federal Reserve?

"The Federal Reserve is a uniquely structured, quasi-private entity," the Supreme Court wrote in a ruling this year.

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An illustration of two hands shielding the Federal Reserve seal | Illustration: iStock, Wikimedia
(Illustration: iStock, Wikimedia)

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This article originally appeared in print under the headline "What's Special About the Fed?."