AP Source: Fed Chair Powell to attend Supreme Court argument on Cook case

Associated Press (AP)CenterEN 2 min read 100% complete by By CHRISTOPHER RUGABERJanuary 19, 2026 at 06:23 PM

AI Summary

medium article 2 min

Federal Reserve Chair Jerome Powell will attend the Supreme Court argument regarding the attempted firing of Fed governor Lisa Cook. The case centers on whether former President Donald Trump had the authority to fire Cook, a member of the Fed's governing board. Powell's attendance signifies a public show of support for Cook, following the Trump administration's subpoenas to the Fed and accusations against Cook of mortgage fraud, which she denies. This action marks a shift from Powell's previously subdued response to Trump's attacks on the central bank. The Supreme Court is hearing arguments on Wednesday.

Key Entities & Roles

Key Player Opposition Context

Brookings Institution 30% Washington ×360% Supreme Court ×270% Lisa Cook ×580% Donald Trump ×585% Jerome Powell ×790% Federal Reserve ×595%

Keywords

jerome powell 90% federal reserve 90% lisa cook 80% supreme court 80% donald trump 70% fed governor 70% firing 60% interest rate 50% subpoenas 50% mortgage fraud 40%