Fed’s Powell Plans to Attend Cook’s Supreme Court Hearing

Federal Reserve Chair Jerome Powell plans to attend Wednesday’s Supreme Court hearing over the attempted dismissal of Fed Governor Lisa Cook by President Donald Trump, according to a person familiar with the situation.

The high court in October refused to allow Trump to immediately oust Cook while she sues to keep her job. That order meant Cook can remain in her position, at least until the justices rule after hearing oral arguments in the case this week.

Trump ordered her dismissal in late August over unproven mortgage fraud allegations that Cook has denied.

Chairman of the US Federal Reserve Jerome Powell and Governor of the Federal Reserve Lisa Cook

Photographer: Saul Loeb/AFP/Getty Images

Fed watchers and legal analysts ...