Jerome Powell will attend the Supreme Court hearing on Fed governor Lisa Cook’s potential firing, showing public support amid legal troubles for the Fed, including subpoenas from the Trump administration.
Powell to attend Supreme Court arguments
Case involves attempted firing of Lisa Cook
Trump claims Cook engaged in mortgage fraud
Powell condemns subpoenas as pretexts
Cook denied all allegations against her
Supreme Court allowed Cook to stay on board
Firing Cook could shift Fed's power
Federal Reserve Chair Jerome Powell will attend the Supreme Court’s oral arguments on Wednesday regarding the attempted firing of Fed governor Lisa Cook. This action demonstrates a rare public support from Powell for one of the Fed’s board members.
Powell’s Attendance at the Supreme Court
The Supreme Court is evaluating whether President Donald Trump can fire Cook, which he expressed intentions to do last August. Powell’s presence at the court marks a significant public display of support for Cook.
Powell’s decision comes after the Trump administration issued subpoenas to the Fed and insinuated a potential criminal indictment against him. Powell’s response reflects a shift from his previously muted reactions to Trump’s criticisms of the central bank.
Allegations and Legal Context
The Trump administration has accused Cook of mortgage fraud, which she denies. No charges have been filed against her, but she has taken legal action to retain her position, leading to a Supreme Court order allowing her to continue serving while her case is under review.
If Trump succeeds in removing Cook, he would appoint someone else to her position, potentially giving him a majority influence over the Fed’s board decisions regarding interest rates and bank regulations.
Impact on the Federal Reserve
The outcome of this case may alter the balance of power within the Federal Reserve. If Trump successfully removes Cook, the composition of the Fed’s governing board could shift towards his perspective on monetary policy.
Powell, who was appointed by Trump in 2018, may now be leaning toward a more confrontational stance instead of a passive one in regards to the administration’s challenges against the Fed.
Rachel Patel is a senior news editor and journalist specializing in political journalism and digital media. With over seven years of professional experience, she is recognized for her accuracy, source verification, and audience-focused reporting approach.
Rachel earned her M.S. in Journalism & Media Studies from Stanford University (2018), where she developed expertise in media ethics, political communication, and digital storytelling.
Her career has centered on bridging traditional political reporting with the fast-paced world of online journalism. She has contributed to major global media outlets, analyzing how digital platforms — from YouTube and Reddit to TikTok and Bluesky — shape political narratives, influence public opinion, and redefine news consumption.
Now based in Berlin, Germany, Rachel serves as a Senior News Editor at Faharas NET, leading coverage on digital politics, media literacy, and social communication trends in the modern information landscape.
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