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Trump Fires Both Democrat FTC Commissioners: 'Major Implications' for the Federal Reserve

President Trump fired Democratic FTC Commissioners Alvaro Bedoya and Rebecca Kelly Slaughter, a move they and others claim is illegal and threatens the independence of the Federal Reserve. The firings leave two Republicans on the commission. Experts suggest this action could be a warning to Federal Reserve Chair Jerome Powell, with some arguing Trump has the legal authority to remove him. Legal challenges to the firings are expected.
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