Trump Fires Both Democrat FTC Commissioners: ‘Major Implications’ for the Federal Reserve

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.

Both Bedoya and Slaughter called their firings “illegal” in statements posted to X:

According to Bedoya, Trump wants the commission “to be a lapdog for his golfing buddies.”

“The president just illegally fired me. This is corruption

Continue reading