Alex Ossola

The court's decision could have consequences beyond Cook's individual case, determining whether the Fed will keep setting monetary policy independent of presidential meddling, a huge matter of concern for investors and the broader economy.

For more on the hearing, I'm joined now by WSJ Chief Economics Correspondent Nick Timorose.

Nick, coming into today's hearing, the Supreme Court had signaled that it wanted to protect the Fed from political interference.

For example, there was a decision last May in which the court said Trump could fire federal commissioners but made it clear that the Fed was off limits.

How did this play out during today's arguments?

Which way does it seem like the justices are leaning right now?

That was WSJ Chief Economics Correspondent Nick Timros.

Thanks, Nick.

A House committee has voted to find former President Bill Clinton and former Secretary of State Hillary Clinton in contempt of Congress after the Clintons declined to appear for depositions regarding sex offender Jeffrey Epstein.

The committee is led by Republicans, but the vote drew significant Democratic support to pass.

The measure now goes to the full House.

The Clintons have said that the subpoenas demanding their appearance were invalid and that they had no personal knowledge of Epstein's criminal activities.

Coming up, why struggling white-collar workers might want to consider switching to blue-collar careers.

And Amazon goes big on big box stores.

That's after the break.

U.S.

stocks rallied in the afternoon after Trump called off the tariffs on Europe.

Major U.S.

indexes ended the day higher, with the Dow, the S&P, and the Nasdaq all adding 1.2%.

Speaking of Wall Street, we've got a special bonus episode that dropped earlier today.