The court indicated its decision doesn’t necessarily apply to the central bank and Chairman Jerome Powell — a frequent target of Trump’s criticism on economic matters.

The Supreme Court’s conservative majority on Thursday said President Donald Trump likely has the authority to fire independent agency board members, endorsing a robust view of presidential power. But the court suggested that it could block an attempt to fire Federal Reserve Chair Jerome Powell,

The Supreme Court ruled Thursday in favor of President Donald Trump's firing of two Democratic board members of independent oversight agencies as litigation over their removal continues.