A U.S. Supreme Court May 22 ruling in a legal battle over President Donald Trump's firing of two federal labor board members contained a line that eased, for now, worries that the cases could open the door for Trump to fire Federal Reserve Chair Jerome Powell at will.

The Supreme Court on Thursday let President Trump fire two members of so-called independent agencies without ruling on the merits of their legal challenges.

“The Federal Reserve is a uniquely structured, quasi-private entity that follows in the distinct historical tradition of the First and Second Banks of the United States,” the court said.