The Supreme Court’s conservative majority signaled during December 2025 oral arguments in Trump v. Slaughter that it is prepared to uphold the president’s authority to remove Federal Trade Commission members without cause, consistent with recent Article II rulings that have narrowed independent-agency protections previously established in Humphrey’s Executor. Justices questioned the constitutionality of statutory “good cause” limits on removal, with a clear majority appearing ready to treat FTC commissioners as exercising executive power subject to at-will presidential control. The Court had already granted an interim stay in September 2025 allowing the firings to proceed pending a final decision. This posture, combined with the absence of any subsequent developments that would alter the Court’s trajectory, underpins traders’ assessment that the case is likely to resolve in favor of expanded removal power.