Fed Chair Powell to attend Supreme Court hearing on Trump's attempted firing of Lisa Cook, AP reports

Fed Chair Powell to attend Supreme Court hearing on Trump's attempted firing of Lisa Cook, AP reports.

Fed Chair Powell's attendance at the Supreme Court hearing can signal the Fed's awareness of legal and political dynamics potentially influencing monetary policy. This could introduce uncertainty in the markets, particularly for rates and the USD, as investors gauge whether such proceedings might impact the Fed's decision-making process or policy direction in the near future.