Supreme court to hear arguments on Lisa Cook as Trump continues campaign for control over Federal Reserve – US politics live

Trump tried to fire Cook in August but a federal court blocked her removal and she remains on the Fed’s rate-setting boardUS treasury secretary Scott Bessent accused Federal Reserve chair Jerome Powell on Wednesday of “politicizing” the institution as the Trump administration intensified its pressure campaign on the central bank.President Donald Trump has railed against Powell for not moving faster to lower interest rates, and the Department of Justice (DoJ) this month launched a criminal investigation into Powell – a move former Fed chairs labeled an effort to undermine the central bank’s independence.I am not sure why Chair Powell would go and support Governor Cook when the Fed has not undertaken an examination of whether she did in fact commit mortgage fraud.The Fed should not be politicized. He is politicizing the Fed. Continue reading...