Luke Vargas

The Supreme Court will hear oral arguments today in a case deciding whether President Trump can fire Federal Reserve Governor Lisa Cook.

Fed Chair Jerome Powell and the Fed have been named by Cook as defendants in her initial lawsuit contesting the president's attempt to remove her over disputed mortgage fraud allegations.

Speaking to CNBC in Davos, Treasury Secretary Scott Besant, who had previously urged Trump not to fire Powell, said he thought it was inappropriate for him to attend today's hearing.

Besant also called out Powell for not meeting with federal prosecutors last month before they issued grand jury subpoenas in a criminal investigation of the Fed's building project.

Meanwhile, Senate Democrats Elizabeth Warren and Dick Durbin have demanded records from the Trump administration regarding the criminal probe into the Fed, calling it a serious misuse of power.

In letters sent yesterday and seen by the Journal, they requested documents detailing how the investigation came together and any coordination between the White House, DOJ, and the Federal Housing Finance Agency.

The Democrats' demands don't carry legal weight, but could lay the groundwork for a more formal investigation in the future.

Lindsey Halligan, the prosecutor who led the Justice Department's cases against former FBI Director James Comey and New York Attorney General Letitia James, is stepping down.

That comes just four months after the former White House aide and personal lawyer to President Trump was installed as the top federal prosecutor in eastern Virginia after her predecessor was forced out of the job.

The indictments Halligan secured against Comey and James were later dismissed by a judge who ruled she was unlawfully appointed.

President Trump is accelerating his effort to ban large institutional investors from buying single-family homes.

Yesterday, he signed an executive order telling agencies to find ways to stop the federal government from backing loans and providing other financial incentives for Wall Street.

We don't have the fine print yet, though.

Treasury Secretary Scott Besant has 30 days to decide exactly which investors are affected and which types of homes are off-limits to them.

And heads up that we've got a special bonus episode of the pod coming later today.

In the latest What's News in Earnings, we'll dive into what's behind the booming Wall Street businesses, the country's biggest banks, and the risks that bankers are looking at this year.

Keep an eye out for that in your What's News feed at midday.

And finally, the productivity-boosting powers of AI are causing a growing divide in the workplace.

While CEOs are rallying behind the tech, saying that it saves them more than eight hours of work a week, a majority of workers are finding AI doesn't save them any time at all and is instead another complex tool they have to manage.

Journal reporter Lindsay Ellis says that between learning prompts and fixing errors, workers are feeling overwhelmed.