2026-01-21
14 分钟Good morning.
Jerome Powell is at the Supreme Court today as his colleague challenges White House attempts to fire her.
The Associated Press explains how it could decide his fate, too.
In Texas,
a reporter with the Wall Street Journal takes us inside the courtroom for the case of the police officer accused of failing to act during the Uvaldi school shooting.
And in Davos, a frosty reception for Trump.
We do prefer respect to bullies, and we do prefer rule of law to brutality.
It's Wednesday, January 21st.
I'm Shanice Abassu.
This is Apple News Today.
Today,
Jerome Powell will watch on as the Supreme Court considers President Trump's attempted firing of Fed Governor Lisa Cook.
The case centers on a concept laid out in the Federal Reserve Act,
which says that Fed board governors can only be fired for cause.
Chris Rugeber is an economics writer with the Associated Press,
who explained how this has allowed the agency to retain its independence.
The idea behind the Fed is that it has some insulation, not complete insulation,
but some insulation from political pressure so it can do unpopular things like raise interest rates in order to push back on inflation,
which most elect officials don't want to do
because higher interest rates makes mortgages more expensive,