according to the Associated Press, Federal Reserve Chairman Powell will attend the U.S. Supreme Court oral arguments on Wednesday regarding Federal Reserve Governor Cook. This is an unusual public statement and show of support from the head of the U.S. central bank. The Supreme Court is reviewing whether President Trump has the authority to remove Governor Cook, who was appointed by former President Biden. Insiders revealed that Powell plans to attend Wednesday's hearing. This is also Powell's most open and direct support for Cook to date. Trump first attempted to remove Cook as early as the end of August last year. Previously, Powell disclosed 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 condemned these subpoenas as merely an "excuse," with the real purpose being to force him to significantly lower the Federal Reserve's benchmark interest rate.