Supreme Court rulings on Fed, FTC: What they mean for consumers

Two highly anticipated Supreme Court rulings on Monday may have far-reaching effects for consumers — both positive and negative, according to financial experts.

In one ruling, Supreme Court justices preserved Federal Reserve's independence from political influence — for now, at least — which experts said was a win for consumers and the U.S. economy.

The other decision, which gave presidents the power to fire members of other federal commissions like the Federal Trade Commission, could lead to more volatile policymaking and regulatory whiplash for consumers and businesses, even under future presidential administrations, they said.

The high court, in a 5-4 ruling, sided with Federal Reserve Governor Lisa Cook, who President Donald Trump tried to fire in August 2025.

Fed governors serve 14-year terms, and can only be removed for cause. Cook's term was set to expire in 2038.

In an August 2025 letter to Cook, Trump said he had "reason to believe" the Fed governor, who was nominated by former President Joe Biden, had committed mortgage fraud. Cook said the attempted removal wasn't "for cause," and that she didn't receive due process.

The case's outcome had major implications for th

Fuente original: CNBC Top News (https://www.cnbc.com/2026/06/29/supreme-court-rulings-fed-ftc-consumers.html)