Maintenance in progress

the us supreme court appears ready to overturn humphrey's executor, the 1935 decision that limits presidential removal of independent agency officials, which would represent a fundamental restructuring of how the administrative state's independence is legally grounded. simultaneously, incoming fed chair kevin warsh launched five task forces to rethink all aspects of monetary policy — communications, inflation metrics, technology impact, ai effects, and the 6.7 trillion dollar balance sheet — a project with no precedent in recent fed history. two simultaneous moves compressing executive authority over previously independent institutions is structurally unusual in timing and scope.

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