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Law professors say independence of US Fed rests on same foundation as that of FTC

( April 21, 2025, 22:31 GMT | Official Statement) -- MLex Summary: Law professors with financial-regulation expertise urged a US appeals court to grant an expedited motion for judgment in favor of Alvaro Bedoya and Rebecca Slaughter in their case challenging their firing from the Federal Trade Commission, saying the independence Federal Reserve is also at stake. "Markets could construe denial as undermining the carefully calibrated institutional design of the Federal Reserve System, which prevents the President from removing members of the Federal Reserve’s Board of Governors (or from demoting the Board’s Chair) before they have completed their statutory terms, except for cause. The Fed’s independence rests on the same legal foundations as the independence of the Federal Trade Commission,” they argued. See attached file. ...

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