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Jan. 19th, 2026 12:46 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
timeletsFederal 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.
Fed watchers and legal analysts say the outcome of the case will have a profound impact on the president’s ability to fire Fed governors and, by extension, on the central bank’s ability to set interest rates free of political interference.
https://www.bloomberg.com/news/articles/2026-01-19/fed-s-powell-plans-to-attend-cook-s-supreme-court-hearing
Powell wants to look the Supreme Court judges in the eyes and see if they have any courage left to practice law at all. Too bad tv cameras are not allowed during the hearings. It's going to be a moment reminiscent of the Godfather II Committee proceedings episode.
