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Powell at SCOTUS as Trump Federal Reserve Clash Hits High Court

/ 03:33/E832
Federal Reserve Chairman Jerome Powell is taking the unprecedented step of attending Supreme Court oral arguments this week as the central bank faces a direct challenge from the White House. The case concerns President Trump’s attempt to remove Fed Governor Lisa Cook over allegations of mortgage fraud, which Cook has firmly denied. This legal battle occurs against a backdrop of criminal investigations into Powell himself, which he describes as a retaliatory measure for the Fed's refusal to lower interest rates. The episode also explores the opening of the 2026 World Economic Forum in Davos. While President Trump leads a massive American delegation, the summit is marked by a diplomatic rift with Denmark over the status of Greenland and the notable absence of leaders from China and India. Finally, we discuss reports that Microsoft is developing an ad-supported tier for its cloud gaming service to reach non-subscribers.

Federal Reserve Chairman Jerome Powell is set to appear at the Supreme Court this Wednesday in a landmark case regarding the independence of the central bank. The proceedings center on President Trump’s dismissal of Fed Governor Lisa Cook, a move that has sparked concerns over political interference in monetary policy. As Powell faces separate criminal investigations, he maintains that these legal pressures are pretexts used by the White House to influence interest rate decisions. Meanwhile, the global elite gather in Switzerland for the 2026 World Economic Forum. President Trump arrives with a record-sized delegation, but the summit faces tension due to new tariffs on European nations resisting the U.S. attempt to annex Greenland. The absence of key leaders from the G20 highlights a shift in the traditional Davos dynamic.

Topics Covered

  • 🏛️ The Supreme Court reviews the President's authority to fire Federal Reserve governors.
  • 🌍 Tensions rise at Davos as Denmark boycotts the summit over the Greenland dispute.
  • 💼 President Trump leads a record U.S. delegation to Switzerland amid tariff threats.
  • 📊 Microsoft plans a new ad-supported tier for its cloud gaming streaming service.
  • 🔬 Tech giants and AI leaders dominate the corporate agenda at the 2026 forum.

Neural Newscast is AI-assisted, human reviewed. View our AI Transparency Policy at NeuralNewscast.com.

  • (00:00) - Introduction
  • (00:05) - The Federal Reserve Legal Battle
  • (00:11) - Tensions at the Davos Summit
  • (00:11) - Microsoft's Gaming Strategy Shift
  • (03:17) - Conclusion
Powell at SCOTUS as Trump Federal Reserve Clash Hits High Court

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