đš HISTORIC SHOWDOWN: FED CHAIR POWELL HEADS TO THE SUPREME COURT! đșđžâïž
In an unprecedented move, **Fed Chair Jerome Powell** is set to attend Supreme Court oral arguments this Wednesday! đŠđ¶ââïž This rare public appearance is a high-stakes signal of support for **Fed Governor Lisa Cook** and the independence of the central bank.
đïž The Case: Trump v. Cook
President Trump is fighting for the power to **fire** Lisa Cook, alleging "for cause" misconduct related to private mortgage fraudâcharges she has firmly denied. đâïž This case isn't just about one governor; itâs a battle over whether the President has the authority to control the **Federal Reserve**. đĄïžđŠ
⥠Why This Matters RIGHT NOW
* **Rare Solidarity:** Powellâs physical presence in the courtroom is a loud message of backing for his colleague and the Fed's autonomy. đ€đ€
* **DOJ Subpoenas:** This follows a massive escalation where the **Justice Department** served the Fed with grand jury subpoenas. đđ
* **Political Pressure:** Powell has warned that these legal attacks are "pretexts" designed to bully the Fed into **slashing interest rates** against their economic judgment. đđ„
đ§ The Bottom Line
We are witnessing an **unprecedented constitutional showdown**. đȘïž The outcome could rewrite the rules of American monetary policy forever. Will the Fed remain independent, or will it fall under direct White House control? đïžđđŠ