President Donald Trump is intensifying his efforts to remove Federal Reserve Governor Lisa Cook by establishing a “committee of inquiry” to investigate alleged false statements she made regarding mortgage instruments, as announced by the White House on Friday.
This move is the latest in Trump’s ongoing campaign to alter the composition of the central bank, and it coincides with the upcoming Federal Reserve monetary policy meeting. Recently, officials unanimously decided to raise interest rates, a decision that Trump has openly opposed.
This is a developing story and will be updated.
