Few things could more fundamentally disrupt and weaken American capital markets—and, by extension, the American economy—than giving a president direct control over the Fed’s monetary levers. Imagine if Trump could set interest rates like he sets tariff rates. …
… All of this represents a fundamental shift in how the Supreme Court operates. The court could have allowed the CPSC and NLRB officials to stay in office to preserve the status quo during litigation, heard their cases on an accelerated briefing schedule, and overturned Humphrey’s Executor while ruling against them on the merits. The court’s critics could have disagreed with the court’s ultimate reasoning, but they could have found no fault in how it operated to get there. Instead, the conservative justices simply did what they wanted to do because they could.