Powell steps into spotlight as Supreme Court weighs Trump's bid to remove Fed's Cook

Core Viewpoint - The attendance of Federal Reserve Chair Jerome Powell at the Supreme Court oral arguments signifies a rare public display of institutional support as the court deliberates on the president's authority to dismiss Fed Governor Lisa Cook, which could impact the independence of the Federal Reserve [1] Group 1 - The Supreme Court is considering whether President Trump has the power to fire Fed Governor Lisa Cook, which raises questions about the balance of power between the presidency and the Federal Reserve [1] - The case will examine if the president's removal authority supersedes the longstanding protections of Federal Reserve independence [1] - Cook's defense is based on the argument of "for cause," which will be a critical factor in the court's decision [1]