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Trump establishes special committee to probe removal of Fed Governor Lisa Cook
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According to a Friday announcement on the White House website, U.S. President Donald Trump has established a special committee to investigate allegations against Federal Reserve Governor Lisa Cook. The proclamation, dated October 7, states that the committee will examine the charges against Cook and report to the president on whether there is 'good cause' for her removal. The investigation will focus on assessing whether Cook meets the legal conditions for dismissal. The announcement emphasizes that this step does not constitute her removal. The move signals a potential challenge to the independence of the Federal Reserve, as the president seeks to evaluate the conduct of a sitting Fed board member.
Source report
October 9 — According to a notice published Friday on the White House website, U.S. President Donald Trump has announced the formation of a special committee to investigate allegations against Federal Reserve Governor Lisa Cook.
In the notice, dated October 7, Trump stated: "To assist me in fulfilling this duty, the committee will investigate the allegations against Governor Cook and report to me on whether there is 'good cause' for her removal."
The investigation will focus on assessing whether Cook meets the legal criteria for removal from office. The announcement does not imply that she has been removed at this time.
Source
domesticNeutral / independent
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Trump establishes White House committee to investigate Fed Governor Lisa Cook for potential removal