Gary Richardson

"I think that the oral arguments showed that the predisposition of the Supreme Court is to support the independence of the Fed," Gary Richardson, a former Fed historian who's now a professor at the University of California-Irvine, told Quartz. "It's possible... they might come down with a decision this term that substantially strengthens the independence of the Federal Reserve and protects the Fed against Donald Trump."

For the full story, please visit https://qz.com/trump-powell-fed-independence-showdown-fomc-january.