Federal Reserve Chairman Jerome Powell declined Wednesday to comment on the ongoing legal battle between Federal Reserve Governor Lisa Cook and the Trump administration over her role at the central bank.
"I see it as a court case that it would be inappropriate for me to comment on," Powell said when asked at the conclusion of the two-day Federal Open Market Committee (FOMC) meeting.
The Federal Reserve has previously acknowledged the potential legal feud and wrote in an Aug. 26 statement that the Fed will "abide by any court decision."
On Tuesday, the Trump administration vowed to take its fight over Cook to the Supreme Court after a lower court blocked the president’s effort to dismiss her.
The move was the latest in a string of attempts to dismiss her from the Fed board ahead of the FOMC rate-setting meeting.
At the heart of the legal fight are unsubstantiated allegations of mortgage fraud against Cook, raised by Bill Pulte, a Trump appointee to the agency overseeing Fannie Mae and Freddie Mac.
