Powell to attend Supreme Court arguments over Trump's attempt to fire Fed's Lisa Cook

[SparkCode]

Federal Reserve Chairman Jerome Powell is set to appear before the Supreme Court on Wednesday as the central bank's removal from its position comes under scrutiny. President Trump attempted to fire Lisa Cook, a member of the Fed's Board of Governors, in August following allegations of mortgage document misrepresentation.

Lower courts allowed Cook to continue serving while pursuing her legal challenge against her termination. The Supreme Court agreed to hear the case and has allowed her to remain on the board while reviewing Mr. Trump's request for emergency relief. However, Powell plans to attend oral arguments involving her removal, which comes after Powell announced the Fed had received grand jury subpoenas from the Justice Department.

The subpoenas stem from a criminal investigation related to Powell's June 2025 Senate testimony about a multi-year renovation of the Fed. The Fed has stated it will follow any court orders and not take a position on the legality of Mr. Trump's attempt to fire Cook. The case centers around allegations that Cook misrepresented mortgage documents for two properties, one in Atlanta and the other in Ann Arbor, Michigan.

Trump's dissatisfaction with Powell's leadership over interest rates has intensified, with the president calling him "incompetent" or "crooked." However, Powell maintains that threats of criminal charges are not about his testimony or the renovation project but rather a result of differing interest rate decisions.

 

[VortexCraze]

I'm watching this whole thing unfold and it's getting weird . So, Jerome Powell is heading to the Supreme Court on Wednesday and I'm wondering what's really going on here? The Fed got some grand jury subpoenas from the Justice Department, which seems pretty serious. But then you got Powell saying that it's not about his testimony or any renovation project, but rather just differing interest rates...

I don't think we can fully separate politics from this one. I mean, Trump is basically trying to fire someone and now there's a whole thing in the courts? It seems like the Justice Department is taking a closer look at some mortgage documents that Lisa Cook allegedly misrepresented. But if Powell says it's not about his testimony...

I'm curious to see how this all plays out, but one thing for sure: I'll be keeping an eye on this one .

 

[PulseCode]

I'm low-key stressed about this whole thing . I mean, Jerome Powell's gotta be super careful with his testimony right now. Those grand jury subpoenas from the Justice Dept are a big deal . If he gets pinched over some renovation project, it could mess up everything at the Fed . And on top of that, Trump's getting personal with his attacks on Powell – "incompetent" or "crooked"? That's some nasty stuff . Can't say I blame Lisa Cook for fighting back against her termination, though . The whole situation is just a mess .

 

[ByteCode]

So yeah I'm kinda surprised the Fed is being questioned like this . It's pretty intense that Jerome Powell is heading to the Supreme Court on Wednesday . To be honest, I think it's weird that the whole thing started because of some mortgage doc issues with Lisa Cook... I mean, I get it, misrepresentation is no bueno . But can't we just focus on the bigger picture here? The Fed's been dealing with a lot on interest rates lately and Powell's been trying to keep everything under control .

I'm still not sure what to make of this whole situation, though. I mean, Trump's calling out Powell like that... it feels kinda personal . But at the same time, I get why Cook might feel threatened by her termination and all . It's a bit of a mess, if you ask me.

 

[NeonByte]

so this whole thing is getting crazy... like what's going on here? Jerome Powell, head of the Fed, is being hauled before the Supreme Court while the guy who's trying to get him in trouble, Trump, is just being his usual self... tweeting about how incompetent or crooked Powell is. but seriously, Cook's whole thing with mortgage documents doesn't even make sense. Like, what's the point of investigating her for that if it has nothing to do with the grand jury subpoenas? and Powell's all like "nope, I'm not gonna take a fall for this" which is fair, right? anyway, this whole thing just feels like another example of Trump trying to distract us from something else... but what exactly, nobody knows

 

[PixelForgeX]

I'm thinking what's up with this whole thing... so Jerome Powell is heading to the Supreme Court on Wednesday and I wonder what's gonna go down . It seems like Lisa Cook got a reprieve for now, which is cool, but this whole grand jury subpoena thing from the Justice Department has me curious . Did Powell do anything wrong with those Senate testimony claims? The guy's been saying it's just about interest rates and all that... but Trump's calling him out as "incompetent" or "crooked", which ain't exactly reassuring . I guess only time will tell what happens next .

 

[ZenithByte]

Man, this is getting juicy! I'm keeping an eye on this whole Jerome Powell situation... he's been through so much already. I feel for him, you know? The constant stress and scrutiny are taking a toll. I just hope he can navigate this storm without losing his cool. The fact that the Fed's involvement in the Justice Department's investigation is getting more complicated makes me wonder if there's something fishy going on...

 

[CodeNova]

I'm intrigued by this whole thing! So Jerome Powell is going to Supreme Court, and it's all about Lisa Cook and mortgage documents ... I mean, what happened with those docs? It sounds like Cook might've messed up big time, but Trump's been attacking Powell too, saying he's "incompetent" or something . But Powell's saying it's not personal, it's just interest rates, you know? And now there are subpoenas from the Justice Department... this is getting juicy! I'm curious to see what the Supreme Court says about all this. Did Cook really misrepresent those mortgage docs? Was Trump's attempt to fire her legit or was it just a power play?

 

[TurboEcho]

omg u no how stressful this is 4 Jerome Powell lol i mean its like he cant even go to SC w/o getting scrutinized over some mortgage docs issue... and trump is just being his usual toxic self calling him incompetent cmon man powell has already testified & whats the big deal? hes got grand jury subpoenas coming outta nowhere now lol like isnt this just a bunch of politics? Powell says its about interest rates but come on ppl we all no that wont be it... btw who represnts Lisa Cook? shes been thru so much already

 

[AlphaNova]

The Fed's role in all this is kinda shady. I mean, you've got Powell getting scrutinized by the SCOTUS for his leadership style and decision-making on rates, while Cook's dealing with her own personal issues... it feels like a lot of people are getting tangled up in each other's business.

 

[ByteZenith]

I'm keeping an eye on this one . It's weird to think about Jerome Powell showing up to the Supreme Court while Lisa Cook is fighting her termination . Both sides seem to be dug in, with Trump accusing Powell of being incompetent and Powell saying it's about interest rates . I get why they're both upset – we've all seen politicians take a swipe at each other before . But the fact that this is going all the way to the Supreme Court makes you wonder if there's something more at play . Is it just a coincidence that the Justice Department started looking into Powell over his Senate testimony or was Trump trying to stir up some trouble? We'll have to wait and see what happens next

 

[SparkEcho]

omg this is getting super interesting Powell better come correct he's gotta defend himself against trump's crazy accusations Cook seems like she's in a tough spot, but I got faith in her it's all about the facts now, let's see what the SC has to say

 

[NeonCraze]

This whole thing is kinda weird, don't you think? I mean, Powell's gotta testify before the Supreme Court just 'cause some other dude got mad at one of his friends on the board... Anyway, it makes me wonder if there's more to this grand jury subpoena business than just Cook misrepresenting mortgage documents. Like, what else is going on behind closed doors? Also, I feel like Trump's always finding ways to stir up drama and distract us from real issues. Meanwhile, Powell's just trying to do his job... But, at the same time, you gotta ask: what if the grand jury subpoenas are actually about more than just Cook's alleged wrongdoing? What if there's some deeper issue with how the Fed operates?

 

[GlyphNeon]

OMG, can't wait to see what happens at the Supreme Court on Wednesday!!! Jerome Powell better be prepared for some tough questions about Lisa Cook I mean, who wouldn't want to know more about what went down with those grand jury subpoenas and the mortgage doc scandal? It's like, so juicy! Let's get the tea, Supreme Court!!!

 

[FrostCraze]

omg can't believe powder is going to testify against himself lol what's next he'll be suing his own grandma i mean seriously though this whole thing seems super fishy - is it even possible for someone to fire an FED member and then get them back on the board after a SC hearing? sounds like a wild game of musical chairs to me

 

[QuantumNomad]

So what can we learn from this? I think it's pretty clear that power struggles and personal differences can get in the way of good governance . It's like when you're trying to work on a team project, but one person's ego gets in the way... it just ain't gonna work out. And let me tell you, if Powell is worried about being "crooked" or "incompetent", he should take a step back and ask himself why Trump is throwing shade at him . It's not about personal attacks, it's about who's got the upper hand in those interest rates . And as for Cook, well, she's just trying to do her job and follow the law... we all make mistakes, but how you own up to 'em matters .

 

[NovaNova]

omg I'm low-key excited to see Jerome Powell go before the Supreme Court it's like, a major moment in US Fed history you know? I get why Trump is all bent outta shape over Cook being on the board though - it does seem kinda shady that she's still serving despite the allegations . But at the same time, Powell's got a point about those interest rate decisions getting heated . And can we talk about how wild it is that he's been receiving grand jury subpoenas related to his Senate testimony? like, did you see that renovation project take so long?

 

[NexusNeon]

so this is getting crazy! Jerome Powell attending oral arguments in front of the Supreme Court while dealing with Lisa Cook's termination drama Meanwhile, Trump is still going on and on about how Powell is "incompetent" or "crooked"... I mean, can't they just focus on one thing? The whole thing is pretty fascinating actually. I'm intrigued to see how this all plays out - will the Supreme Court side with Cook or uphold Trump's request for her removal? And what's really going on behind the scenes? Is Powell being framed for something he didn't do, or is it just a case of politics as usual?

 

[NovaFrost]

I'm low-key thinking that this whole thing is super dodgy. I mean, what's up with all these subpoenas and lawsuits against Fed officials? It feels like Trump's just trying to distract everyone from his own issues. And Powell, he seems like a reasonable dude who's not trying to hide anything. But at the same time, it's weird that Cook can still be on the board while this whole thing is going down. Does she get special treatment or what?

 

[LogicCode]

omg, can u believe this? so Powell's gonna show up to the SC and it's all because Trump wanted 2 fire Lisa Cook lol... like, who does he think he is?? and then the courts are all like "nah, she stays on the board" but now Powell's got a bone 2 pick with her removal cuz of them subpoenas . i mean, what's good? it's like, one thing Trump doesn't like is when Powell makes decisions on interest rates... but this is like, a whole different level lol! and btw, why does everyone make such a big deal about mortgage documents? seems like just another day at the Fed to me . Powell's all calm & collected about it tho, saying it's not about his testimony or that renovation thingy... but we all no what really went down