There's a lot going on right now. Mounting economic inequality, threats to democracy, environmental disaster, the sour stench of chaos in the air.

I'm Brooke Gladstone, host of WNYC's On the Media. Want to understand the reasons and the meanings of the narratives that led us here and maybe how to head them off at the

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I'm paraphrasing here, but one person's administrative state is another person's how the whole American economy works.

From American public media.

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In Los Angeles, I'm Kyle Rizdahl. It is Monday, today the 29th of June. Good, as it always is to have you along, everybody.

A not at all hypothetical question as we get going today. Now that the Supreme Court has decided that the president, any president to be clear,

can reach directly into the gears of this economy and manipulate them almost as he or she likes,

what's going to happen? Two biggies, as you know, out of the justices today, one about the Federal Reserve,

one about what until today we're called

independent agencies. We have called Leah Littman for some analysis. She's a professor of law

at the University of Michigan. Leah, welcome back to the program. Good to have you on.

Thanks for having me. I want to take these one by one, and I want to take the Lisa Cook decision

first, actually. It seems the most straightforward. Five to four,

the Supreme Court said the Federal Reserve is actually special, yeah?

Yes, that is basically the court's reasoning that the importance of the Fed means that the Fed is

exempt from the court's newly announced rule that independent agencies cannot exist because

the president must have the power to fire the heads of any agency exercising significant

executive power. So what do you think just as a matter of the law of them carving out this

special thing for the Fed as opposed to independent agencies, which will get to the second case in a

second? It is frankly ridiculous.

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