Supreme Court expands presidential removal power over FTC but shields Fed
The segment discusses twin Supreme Court rulings issued June 29, 2026: a 6-3 decision allowing President Trump to fire FTC Commissioner Rebecca Kelly Slaughter without cause, overturning Humphrey's Executor precedent, and a separate 5-4 decision blocking the firing of Fed Governor Lisa Cook. It features former FTC Commissioner Alvaro Bedoya criticizing the outcomes as creating a two-tiered system favoring Wall Street over consumers. Bedoya recounts FTC enforcement actions against figures like Martin Shkreli, Amazon, and Meta, contrasts historical protections for the Fed and FTC, and warns that appointees may prioritize Trump family financial interests. Sourcing consists of the host, Bedoya as sole guest, references to an NYT quote, and Reuters reporting on Meta.
Source: MS NOW