New Findings from Harvard Law School in the Area of Economics Described (The Federal Reserve and the Constitution): Economics

2024 OCT 15 (NewsRx) -- By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily -- A new study on Economics is now available. According to news reporting originating from Cambridge, Massachusetts, by NewsRx editors, the research stated, “In a number of important cases restricting the authority and independence of federal agencies, the Supreme Court’s conservative majority has adopted reasoning that, if applied consistently, could have more far-reaching consequences for the administrative state. To explore the limits of the Court’s evolving doctrines, this Article shows how their application might lead to a conclusion that the structure or mandate of the Federal Reserve, as created by Congress, is unconstitutional.”

Our news editors obtained a quote from the research from Harvard Law School, “On the assumption that at least some of the conservative Justices would not want to reach this result, the Article goes on to survey strategies available to the Court for avoiding such an outcome. It explains how, if a constitutional challenge to the Federal Reserve were to reach the Court, its choice among these strategies would further delineate the reach of its campaign against the administrative state.”

According to the news editors, the research concluded: “Even in the absence of an actual challenge, this exercise reveals how the Court’s political philosophy is shaping its jurisprudence.”

This research has been peer-reviewed.

For more information on this research see: The Federal Reserve and the Constitution. Southern California Law Review, 2024;97(1):1-100. Southern California Law Review can be contacted at: Univ Southern Calif, Law Center Univ Park, Los Angeles, CA 90089-0071, USA.

The news editors report that additional information may be obtained by contacting Daniel K. Tarullo, Harvard Law School, Int Financial Regulatory Practice, Cambridge, MA 02138, United States.

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