Davis Polk partner and Financial Institutions practice co-head Margaret Tahyar was quoted in Politico discussing the Supreme Court decision that ruled the president cannot remove a member of the Federal Reserve without cause, upholding the constitutionality of the Fed’s structure. 

“The Supreme Court put its thumb on the scale for monetary policy, and it’s punted on regulation and supervision,” Margaret said. “In the meantime, over the next several years that it will take to fight this out, the Fed is protected.”

“The tsunami wave that hit all the other agencies missed the Fed today,” she added.

“Justices give Fed a shield against Trump as potential rate hikes loom,” Politico (June 29, 2026) 

Copy link to share post