US Fed Chair Powell to attend Supreme Court session on Cook case: Report
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Federal Reserve Chair Jerome Powell will attend the Supreme Court session regarding President Trump's attempt to fire Fed Governor Lisa Cook. The Supreme Court is considering the legality of Trump's unprecedented effort to remove Cook, who he accused of mortgage fraud, from the Fed's governing board. Powell's attendance signifies a public show of support for Cook, following Trump's threats of a criminal indictment against Powell and the Fed. This action marks a shift from Powell's previously subdued response to Trump's attacks on the central bank, after the Trump administration sent subpoenas to the Fed. The case follows Cook's lawsuit to retain her position, which she has maintained while the Supreme Court reviews the matter.
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