Supreme Court Ends Agency "Independence," Save for the Federal Reserve

The Supreme Court has made a significant decision that shifts the balance of power within the executive branch by ending the long-standing notion of agency independence, except for the Federal Reserve. This ruling overturns a previous precedent set by the case Humphrey's Executor, which had protected the autonomy of executive agencies from direct presidential control. By maintaining the Federal Reserve's independence, the court ensures that monetary policy remains insulated from political pressures, a decision that underscores the importance of safeguarding critical financial stability mechanisms. This move has major implications for how executive agencies operate and the degree of control the president can exert over them.