TechFlow news, January 20 — According to the Associated Press, Federal Reserve Chair Jerome Powell will attend Wednesday's Supreme Court oral arguments regarding Fed Governor Lisa Cook, an unusual public show of support from the central bank's leader. The Supreme Court is hearing whether former President Trump has the authority to remove Cook, a governor appointed by President Biden. Sources say Powell plans to attend the hearing, marking the most public and direct support he has shown for Cook to date. Trump had attempted to remove Cook as early as late August last year. Previously, Powell revealed that the Trump administration had issued subpoenas to the Federal Reserve and threatened unprecedented criminal charges against it. In a video statement released on January 11, Powell denounced the subpoenas as merely a "pretext" aimed at pressuring him to drastically cut the Fed's benchmark interest rate. (Jinshi Data)
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