Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Fed's Powell Plans to Attend Cook's Supreme Court Hearing [View all]
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 oral arguments in the case this week.
Trump ordered her dismissal in late August over unproven mortgage fraud allegations that Cook has denied.
Fed watchers and legal analysts say the outcome of the case will have a profound impact on the president’s ability to fire Fed governors and, by extension, on the central bank’s ability to set interest rates free of political interference.
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 oral arguments in the case this week.
Trump ordered her dismissal in late August over unproven mortgage fraud allegations that Cook has denied.
Fed watchers and legal analysts say the outcome of the case will have a profound impact on the president’s ability to fire Fed governors and, by extension, on the central bank’s ability to set interest rates free of political interference.
https://www.bloomberg.com/news/articles/2026-01-19/fed-s-powell-plans-to-attend-cook-s-supreme-court-hearing?srnd=homepage-americas
1 replies
= new reply since forum marked as read
= new reply since forum marked as read