AP Source: Fed Chair Powell to attend Supreme Court argument on Cook case

AP News • January 19, 2026 • general

Key Points:

Federal Reserve Chair Jerome Powell will attend the Supreme Court oral argument regarding President Trump's attempt to fire Fed governor Lisa Cook, marking an unusual public show of support.
The Supreme Court is reviewing whether Trump can remove Cook, who faces uncharged allegations of mortgage fraud and has sued to retain her position on the Fed's governing board.
Powell's attendance follows heightened tensions after the Trump administration subpoenaed the Fed and threatened a criminal indictment against Powell, signaling a shift toward a more confrontational stance.
Powell condemned the subpoenas as pretexts for political pressure to cut interest rates further, despite already overseeing three rate cuts last year, lowering the key rate to about 3.6%.
The Supreme Court allowed Cook to remain on