Trump creates a committee to investigate Fed Governor Lisa Cook, his latest bid to fire her

Summary

President Donald Trump has established a 'committee of inquiry' to investigate allegations that Federal Reserve Governor Lisa Cook made false statements in mortgage applications, opening another chapter in his effort to fire her, The Philadelphia Inquirer reported on Friday 9 October. The inquiry will include a hearing at the White House on Nov. 5 that Cook 'shall' attend to answer questions from the committee, Trump said in a written memo, and the hearing would not be public but a transcript would be published, according to the LA Times. Trump tried to fire Cook, a nominee of former President Joe Biden, but the Supreme Court blocked his first attempt, CNBC reported, adding that his bid could affect Jerome Powell, central bank independence and interest rates.

Latest: Trump established a committee to investigate allegations that Fed Governor Lisa Cook made false statements on mortgage documents, with a White House hearing on Nov. 5 that she 'shall' attend, in his renewed effort to fire her.

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