Powell heads to Supreme Court as Trump’s fight over the Fed escalates

Watch Powell heads to Supreme Court as Trump’s fight over the Fed escalates - Straight Arrow News on Dailymotion

Transcript

00:00Sometime this morning, the Supreme Court will be dropping new opinions, and there are some

00:07big ones out there. Voting rights, presidential power, and the biggest of all, tariffs. Those

00:12rulings could be landing soon, and they could reshape trade, elections, and the balance of

00:18power in Washington. But before we get to what the court may decide today, a new development

00:23to tell you about for tomorrow. The Associated Press was first to report that Federal Reserve

00:28Chair Jerome Powell will personally go to the high court for oral arguments in a case

00:33that could redefine who controls the central bank. That almost never happens. Powell will

00:39be in the courtroom as the justices hear a case over whether President Trump can fire Fed

00:44Governor Lisa Cook. You may recall Trump tried to remove her last summer, accusing her of

00:49mortgage fraud. She denies it. No charges were filed, and the court has already blocked her

00:54firing for now. So why does this matter? Because if Trump wins, he could flip the balance of

01:00power at the Fed and gain real influence over interest rates. And Powell showing up in person

01:05is a signal, especially after the Fed chairman revealed this month he's now under criminal

01:10investigation, which he says is retaliation for refusing to slash rates on Trump's timeline.

01:16So tomorrow, Wednesday, Powell, Cook, the justices, and a courtroom showdown with consequences far beyond

01:24this case.