Fed chief Powell to attend Supreme Court arguments on Trump bid to fire Lisa Cook

Federal Reserve Chairman Jerome Powell plans to be oral arguments connected Wednesday astatine the Supreme Court successful a lawsuit challenging the powerfulness of President Donald Trump to occurrence Fed Governor Lisa Cook, a idiosyncratic acquainted with the concern told CNBC connected Monday.

Powell's planned attendance comes arsenic the Fed president is nether transgression probe by the U.S. Attorney's Office successful Washington, D.C., successful transportation with a multi-billion-dollar renovation of the cardinal bank's headquarters and his grounds to Congress astir that project.

The Associated Press archetypal reported connected Powell's plans.

For Powell to personally be oral arguments successful specified a lawsuit is unusual.

But the question of whether a president tin occurrence a Fed politician successful the mode that Trump has attempted is viewed wrong the cardinal slope arsenic having perchance existential consequences for it.

Trump said successful precocious August that helium was firing Cook from the seven-member Fed Board, citing claims that she committed owe fraud successful transportation with 2 homes she owns.

Cook denies immoderate wrongdoing, and she has not been charged with immoderate crime.

She sued Trump successful national tribunal successful D.C., seeking to artifact her removal.

A territory tribunal justice determination connected Sept. 9 barred Trump from firing her arsenic the suit continued. A national appeals tribunal soon aft upheld that order.

The Department of Justice, successful filings with the Supreme Court, has called the little tribunal orders barring Cook's removal "yet different lawsuit of improper judicial interference with the President's
removal authorization — here, interference with the President's authorization to region members of the Federal Reserve Board of Governors for cause."

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