The Supreme Court's June 29, 2026 decisions in Trump v. Slaughter and Trump v. Cook both concern the President's power to remove federal officials but appear to point in different directions. In this Consumer Finance Monitor podcast, host Alan Kaplinsky talks with Columbia Law School professor Lev Menand, who questions comparing the First and Second Banks of the United States with the modern Federal Reserve Board, which also regulates banks. They discuss whether Cook is a meaningful exception to Slaughter, whether the FDIC could invoke similar arguments, the Fed's constitutional status, Justice Gorsuch's nondelegation concerns, and possible responses from Congress and the courts. Menand also gives his assessment of the next five years, though the long-term effects remain hard to predict.
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Original headline: The Supreme Court Opinions In Trump v . Slaughter And Trump v . Cook : What Do They Mean For The Future Of The Administrative State ? ( Podcast )
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