The Supreme Court’s 6-3 conservative majority is increasingly signaling it wants to eviscerate precedent that has protected certain federal agency leaders from at-will termination by the president for nearly a century.

In a rare move, the US Federal Reserve issued a statment reaffirming its non-partisan stance after the central bank’s Chair Jerome Powell met with US President Donald Trump

A carve-out in last week’s SCOTUS emergency decision on agency official firings “poses a puzzle,” because the central bank’s independence rests on the same foundations as other federal agencies, a dissenting justice wrote.

The meeting, initiated by Trump, comes amid escalating tensions over interest rate policy and the Fed's resistance to political pressure.

Top court allows dismissals at other agencies to stand but suggests US central bank may have stronger protections

"Unless that changes, the dollar will remain on a much longer leash than any currency should rightfully have."

President Donald Trump has been critical of Federal Reserve Chairman Jerome Powell, who has said the president has no legal right to fire him.

Rumor has it that the Federal Reserve was able to resist the president‘s demands to enable funding of the Korean War. However, a look at the record demonstrates