Federal Reserve Chair Jerome Powell is set to attend Supreme Court oral arguments regarding President Trump’s attempt to fire Fed governor Lisa Cook. The Court previously allowed Cook to remain in her position while preparing for the case. Powell’s attendance underscores his efforts to maintain the Fed’s independence amid political pressures, particularly following grand jury subpoenas related to the Fed’s renovation projects. Cook’s term lasts until January 2038, and she denies any wrongdoing associated with Trump’s allegations.
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