Supreme Court Deals Fatal Blow to Independent Regulators but Spares the Fed

Also, justices decline to hear challenge to SEC gag rule; new hires at PCAOB and OCC

The idea of “independent” agencies has been on life support since Donald Trump retook the White House. Today, the Supreme Court pulled the plug, ruling that commissioners on multi-member boards can be fired for any reason – a landmark decision that hands the president a potent weapon in his efforts to exert control over the federal bureaucracy. But in a…