January 1, Powell Shows Up At Supreme Court Firestorm

Wyatt’s Take

• Fed Chair Powell is set to watch the Supreme Court take up whether Trump can fire Fed governor Lisa Cook.
• Trump isn’t happy with the Fed’s refusal to lower interest rates and has suggested action against Powell.
• A new Justice Department probe questions Powell about Federal Reserve spending.

Jerome Powell, leader of the Federal Reserve, plans to attend the Supreme Court session this week about the firing attempt on governor Lisa Cook. This move signals strong support for Cook, something court watchers don’t see often.

The Supreme Court will be deciding if President Trump can remove Cook, after he said last August he’d like her out. Powell’s presence at the hearing is confirmed by anonymous sources.

Trump has criticized Powell and suggested firing him too, mainly because the Fed won’t lower interest rates. Lately, however, he has called such a firing “highly unlikely.”

The Justice Department is now investigating if Powell misled Congress about the cost and scope of giving the Federal Reserve building a facelift.

Powell pushed back fast, with a video message that called the criminal probe payback for resisting the pressure to cut rates.

Read more at Just the News

Wyatt Matters

This clash is about who really calls the shots over our money and who takes the heat when things cost more. Working folks can’t afford games with their paychecks on the line.