Jerome Powell Supports Lisa Cook at Supreme Court After DOJ Subpoenas

#WashingtonDC, #USA
Jerome Powell will attend Supreme Court arguments on Wednesday to support Lisa Cook as the Trump administration pursues a criminal investigation against the Federal Reserve chair.The high court is weighing whether Trump has the authority to fire Cook over contested mortgage fraud allegations that she has denied.Powell characterized the DOJ subpoenas regarding bank renovations as a pretext to force the independent agency into lowering interest rates.
Published:8h |Updated:3h
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