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High court hears Fed case
Bangkok Post
|January 22, 2026
The US Supreme Court was to hear arguments yesterday over President Donald Trump’s attempt to fire a Federal Reserve governor, a case that could have far-reaching consequences for the central bank’s independence.
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Cook: Claims innocence
Mr Trump sought in August to dismiss Fed governor Lisa Cook, a key official serving on the Fed’s interest rate-setting committee, accusing her of mortgage fraud. She denies the charges.
The conservative-dominated Supreme Court barred Mr Trump from immediately removing Ms Cook, allowing her to remain in her post until it could hear the case contesting her dismissal.
In a sign of the significance of the case and public support for Ms Cook, Fed Chair Jerome Powell said he planned to personally attend yesterday's Supreme Court hearing, a source familiar with the matter told AFP.
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