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Fed Chair Kevin Warsh faces Supreme Court test on Lisa Cook removal as Sintra debut looms
The U.S. Supreme Court is poised to rule on the Trump administration’s attempt to remove Federal Reserve Governor Lisa Cook, a case widely seen as a key test of the central bank’s independence. At the same time, Fed Chair Kevin Warsh is set to make his global debut at the European Central Bank’s forum in Sintra, Portugal, outlining a shift away from explicit rate forward guidance. Warsh has said policy decisions will be driven by incoming data, as markets increasingly price in possible rate hikes even as Trump continues to call for cuts.