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US Business · npr.org · Thursday, 2 July 2026

Court gives President sweeping authority over FTC, keeps Fed insulated

In a 6‑3 ruling, the Supreme Court tore down a 91‑year‑old precedent, allowing the president to fire Federal Trade Commission commissioners at will. The decision leaves the Federal Reserve's independence intact for now, but signals a new era of politically driven regulation that could destabilize markets and consumer protections.

Read the source: npr.org ↗In the 2 July issue →