Fed chief Powell to attend Supreme Court arguments on Trump bid to fire Lisa Cook
CNBC·2026-01-19 19:05
Core Viewpoint - Federal Reserve Chairman Jerome Powell is set to attend oral arguments at the Supreme Court regarding the authority of President Donald Trump to dismiss Fed Governor Lisa Cook [1] Group 1 - Powell's attendance at the Supreme Court is significant as it relates to a legal challenge concerning presidential powers over Federal Reserve officials [1] - The Federal Reserve Chairman is currently under criminal investigation by the U.S. Attorney's Office in Washington, D.C., linked to a multi-billion-dollar renovation of the central bank's headquarters [2] - The investigation also involves Powell's testimony to Congress regarding the renovation project [2]