Powell Sets Public Tone as Supreme Court Weighs Cook Firing Case

Federal Reserve Chair Jerome Powell plans to attend the Supreme Court’s oral argument on President Trump’s bid to fire Fed governor Lisa Cook, a rare public show of support amid Trump’s subpoenas and threats of indicting Powell. If Trump succeeds, he could appoint a replacement and tilt the Fed’s board toward his appointees. Cook denies mortgage fraud and has not been charged; the court had allowed her to remain on the board while weighing the case.