Will the Fed Survive the Supreme Court?: Stephen L. Carter

And then there was one.

One “independent” federal agency, I mean. That, at least, is the way it pays to bet. Yes, there might be other ways to read Chief Justice John Roberts’ order, announced Monday, that allows President Donald Trump to fire a member of the Federal Trade Commission. But the simplest understanding is that, quite soon, the Federal Reserve will stand alone as the sole federal agency whose members the White House can’t dismiss.

Roberts’ order blocked a federal judge’s ruling that had reinstated Commissioner Rebecca Kelly Slaughter while the case continues.

It’s been eerie, and a ...