Both Democrat members of the Federal Trade Commission (FTC) were fired by President Donald Trump on Tuesday in a shocking move that may have “major implications for the independence of the Fed,” according to a former official.
Due to the 1935 Supreme Court decision that greatly limited the president’s ability to remove officials from independent regulatory agencies like the Federal Reserve and the FTC, Trump’s move to fire FTC Commissioners Alvaro Bedoya and Rebecca Kelly Slaughter has been met with protest, the New York Post reported.
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