DOJ and Trump Administration Intensify Pressure on Fed Officials Amid Investigations
TL;DR Summary
The Justice Department is considering investigating Federal Reserve Governor Lisa Cook and has urged her removal, amid political pressure from Trump and allegations of financial misconduct, which Cook denies. The investigation could influence the composition of the Fed board, especially as Cook's term continues until 2038 and her departure could help Trump secure a majority on the board.
- DOJ Urges Fed’s Powell to Remove Cook as Probe Gets Underway Bloomberg
- Trump official signals DOJ will investigate Fed governor Cook CNBC
- Opinion | Weaponizing the Housing Regulator The Wall Street Journal
- Trump administration's newest allegation against political foes: Mortgage fraud NBC News
- Trump is pressuring yet another top Fed official to resign, but she says she won’t be ‘bullied’ CNN
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