Powell declines to weigh in on Lisa Cook's high-stakes court fight with Trump

1. Powell avoided commenting on Cook's ongoing legal battle with Trump administration. 2. Legal issues surround Cook amid allegations of mortgage fraud for her loans. 3. Trump plans to appeal against Cook’s protection from dismissal from the Fed. 4. Investigation into Cook raises concerns amidst a crucial FOMC rate-setting meeting. 5. Market's reaction hinges on implications for Fed's policy direction amid uncertainty.