Federal Reserve Chair Kevin Warsh faces a pivotal week as his leadership of the U.S. central bank comes under scrutiny from both the judiciary and global policymakers, with a key Supreme Court ruling on the Federal Reserve's independence and his debut at a major international central banking forum in Portugal, according to Reuters.
The U.S. Supreme Court is expected to rule as early as Monday on whether President Donald Trump can remove Federal Reserve Governor Lisa Cook, a case widely viewed as a critical test of the central bank's independence. Reuters reported that lower courts have allowed Cook to remain on the Federal Reserve Board while her legal challenge proceeds, finding she is likely to prevail against Trump's attempt to dismiss her.
