US Fed Chair Powell to attend Supreme Court session on Cook case.

United States Federal Reserve Chair Jerome Powell will attend the Supreme Court’s oral argument in a case involving the attempted firing of Fed governor Lisa Cook by President Trump. This public display of support by Powell follows Trump’s threats of criminal indictment against him for not cutting interest rates as desired. Trump’s administration has accused Cook of mortgage fraud, a claim she denies, leading to a legal battle over her position on the Fed’s governing board. If Cook is removed, Trump could appoint a replacement, potentially shifting the balance of power on the board.

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