The Fed Takes One on the Chin

Justice Jackson warns that reversing unwarranted regulations will mean a ‘tsunami of lawsuits.’

AP/Susan Walsh, file
The Federal Reserve chairman, Jerome Powell, May 1, 2024. AP/Susan Walsh, file

At the end of a momentous Term, this much is clear: The tsunami of lawsuits against agencies that the Court’s holdings in this case and Loper Bright have authorized has the potential to devastate the functioning of the Federal Government.’ 

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