, Columnist
Supreme Court Should Mend, Not End, Independent Agencies
Here’s how to give presidents just a little more power over the heads of departments like the Consumer Financial Protection Bureau and the Fed.
Keep it legal.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
The Supreme Court heard oral arguments on Tuesday in the most important separation-of-powers case in several decades.
The central issue is simple: Did Congress violate the Constitution in making the Consumer Financial Protection Bureau independent of the president when it created that agency in 2009? Under the law as it now stands, the president can fire the bureau’s director only for “inefficiency, neglect of duty, or malfeasance in office.”
