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US Fed’s independence at stake in ex-FTC commissioners’ suit, professors say

By Neil Roland ( April 22, 2025, 22:00 GMT | Insight) -- Four law professors filed a brief arguing that the US Federal Reserve’s independence is at stake in a suit by two former US Federal Trade Commission members challenging their firing by President Donald Trump. The former Democratic FTC commissioners, Rebecca Slaughter and Alvaro Bedoya, have filed a motion for expedited summary judgment with US District Judge Loren AliKhan in Washington, DC. The professors’ brief said financial markets would interpret a denial of the motion as undermining the Fed’s “carefully calibrated institutional design” preventing the president from removing Fed governors or demoting the board chair — except for cause — before their terms are up. Four law professors with financial expertise filed a brief arguing that the US Federal Reserve’s independence is at stake in a suit by two ex-US Federal Trade Commission members challenging their firing by President Donald Trump....

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