English transcript

Associated Press. Thank you. Um, I wanted to

ask that, you know, you attended the Supreme

Court hearing last week on the Lisa Cook case,

uh, and Treasury Secretary Scott Bessent criticized

that as political. Can you say why you attended

and, uh, what you would say in response to the

Secretary's criticism?

So let me start with, I... I don't respond to

comments by other officials, whoever they may

be. It's just, uh, not appropriate to do that.

I will tell you why I attended. Um, I would

say that that case is perhaps the most important

legal case in the Fed's 113-year history. And

I... as I thought about it, I thought, uh, it

would might be hard to explain why I didn't

attend. Uh, in addition, um, Paul Volcker went

to a Supreme Court case famously in, I guess,

1985 or so. So there... it's precedented and,

uh, I thought it was an appropriate thing and

I did it.