> It obviously depends on what rules they make.
Today, the Court ruled that Congress can make the Federal Reserve an independent agency, but not the FTC. Same day, same justice!
What are the rules, exactly?
> It obviously depends on what rules they make.
Today, the Court ruled that Congress can make the Federal Reserve an independent agency, but not the FTC. Same day, same justice!
What are the rules, exactly?
I see and acknowledge your point. But going back to
>Slaughter determined that agencies congress had ceded to the executive branch had control of the executive.
Congress ceded FTC to the executive branch. Congress put the Federal Reserve in some magical land, outside the executive branch, that doesn't even make sense.
My theory was that SCOTUS ruled the executive had this power over the agencies executive branch. Seems SCOTUS doesn't want to touch federal reserve question with a 10 foot pole. But going back to my original theory, it is a slightly different framing, since everyone involved freely agrees FTC is an executive agency while the federal reserve does not enjoy this agreement.
I do agree the federal reserve as independent makes no sense but I don't think it's the same question posed since you're not starting with the assumption the agency in question is an executive agency. SCOTUS seems to have ruled that an agency in the executive branch has executive control, while not going so far as to determine that the federal reserve is in the executive branch which is an entirely different question.
It's important to note SCOTUS is too chickenshit to rule on anything but in the most narrow way possible. If you ask them to rule on something with a prior established fact that it's in the executive branch you're likely going to get a very narrow ruling that doesn't try to create a unifying theory of everything.
> I do agree the federal reserve as independent makes no sense but I don't think it's the same question posed.
I think it's the core question; are there really rules at all?
The two rulings make that answer clear, I think.
Roberts in Cook says that firing was "out of step with the statute Congress enacted and our nation’s tradition of central banking protected from political interference". How is the FTC's setup in this regard not part of the same tradition? What part of the Constitution permits the Fed's existence outside of any of the branches? Why can Congress establish a central bank outside the Executive entirely, but not regulate the FTC?