Marketplace · Monday, June 29, 2026
The Supreme Court has ruled that presidents can directly control "independent" agencies, a decision that Lea Littman, a law professor at the University of Michigan, calls "ridiculous." However, the Federal Reserve has been exempted from this ruling due to its perceived economic importance.
“Yes, that is basically the court's reasoning that the importance of the Fed means that the Fed is exempt from the court's newly announced rule that independent agencies cannot exist because the president must have the power to fire the heads of any agency exercising significant executive power.”
“It is frankly, ridiculous.”
“Justice Sotomayor in her, uh, dissent in that case said, chaos will follow.”