Bloomberg Surveillance · Monday, June 29, 2026
In a related decision, the Supreme Court ruled that the President has the authority to fire commissioners of independent agencies, such as the FTC. This ruling, which potentially overrules a 1935 precedent, significantly expands presidential power over government agency leadership.
“But what this does is this really expands presidential power. It means that the president has the authority to fire people at the top of.”
“The Supreme Court has basically said that the mail in ballots can arrive.”
“And the other government agencies are not seen as independent really because the president can and let go of whoever he wants to.”
“But the Federal Reserve is different, and we saw that very clearly today because the Supreme Court said that the President could indeed fire Rebecca Slaughter and other independent commissioners.”