US EditionFed chief Powell to attend Supreme Court arguments on Trump bid to fire Lisa Cook
The case challenges presidential authority over Fed governors amid claims of politically motivated firing attempts and threats to the central bank's independence, experts warn.
- On Wednesday, Federal Reserve Chair Jerome Powell will attend the U.S. Supreme Court's oral arguments in Washington, an unusual public appearance by the central bank chair.
- The high court is considering whether President Donald Trump can fire Fed governor Lisa Cook, an unprecedented White House removal of a Biden appointee after his attempt in late August.
- In a Jan. 11 video, Federal Reserve Chair Jerome Powell condemned subpoenas as `pretexts` for the Trump administration's efforts to force a sharp interest rate cut, signaling stronger support for Cook.
- Last week the Trump administration sent subpoenas to the Federal Reserve, threatening an unprecedented criminal indictment of Fed Chair Jerome Powell.
- Concerns about the Fed's independence have emerged after a Department of Justice probe of Jerome Powell, Federal Reserve Chair, prompted caution among policymakers.
80 Articles
80 Articles
Federal Reserve President Jerome Powell plans to attend the hearing in the Supreme Court for the dismissal of the central bank governor, Lisa Cook, ordered by Donald Trump, as the CNBC network advanced.
Powell will attend Supreme Court arguments on firing fed official | Honolulu Star-Advertiser
Jerome Powell, the chair of the Federal Reserve, will attend the oral arguments at the Supreme Court on Wednesday over whether President Donald Trump has the authority to remove Lisa Cook, a governor at the central bank, according to a person familiar with Powell’s plans.
Daily Bulletin
Fed’s Powell plans to attend Cook’s Supreme Court hearing
Enda Curran (Bloomberg) — Federal Reserve Chair Jerome Powell plans to attend Wednesday’s Supreme Court hearing over the attempted dismissal of Fed Governor Lisa Cook by President Donald Trump, according to a person familiar with the situation. The high court in October refused to allow Trump to immediately oust Cook while she sues to keep her job. That order meant Cook can remain in her position, at least until the justices rule after hearing o…
Jerome Powell will attend Supreme Court hearing on Lisa Cook’s firing
Federal Reserve Chair Jerome Powell, who has been a target of the Trump administration, is showing a sign of unity with another central-bank member. Article Attribution | Read More at Article Source The post Jerome Powell will attend Supreme Court hearing on Lisa Cook’s firing appeared first on RocketNews.
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