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Fed chief Powell to attend Supreme Court arguments on Trump bid to fire Lisa Cook
Fed Chair Jerome Powell will attend Supreme Court arguments defending Fed governor Lisa Cook amid a DOJ criminal probe and political pressure over mortgage fraud allegations.
- 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.
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·Düsseldorf, Germany
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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.
·Honolulu, United States
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Total News Sources95
Leaning Left17Leaning Right11Center48Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 22%
C 63%
15%
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