BlockBeats News, October 9 — U.S. President Trump is stepping up his efforts to remove Federal Reserve Governor Cook. The White House announced Friday that it had established an “investigative committee” to look into allegations that Cook made false statements in one or more mortgage documents.
The move is the latest in Trump’s ongoing effort to reshape the Fed’s leadership. The Fed’s next monetary policy meeting is just weeks away, and Fed officials voted unanimously last month to raise interest rates, contrary to Trump’s long-standing position that rates should be cut.
The move is the latest in Trump’s ongoing effort to reshape the Fed’s leadership. The Fed’s next monetary policy meeting is just weeks away, and Fed officials voted unanimously last month to raise interest rates, contrary to Trump’s long-standing position that rates should be cut.