Trump creates committee to investigate and possibly remove Lisa Cook from the Fed

President Donald Trump established a commission of inquiry to determine whether the governor of the Federal Reserve Lisa Cook made “false statements regarding one or more mortgage instruments,” his latest attempt to remove her from the central bank.

“As president, it is my duty to ensure that the laws are faithfully enforced, including by firing subordinates who cannot be trusted to tell the truth and follow the law. » Asset written in a memo.

THE the president has long sought to remove Cook of his messagealongside an ill-fated attempt to force the Federal Reserve to lower interest rates. But the Supreme Court blocked his latest attempt, ruling that the administration had failed to provide him with due process.

The announcement comes after The Fed Inspector General found last week that there was no reason for the Justice Department to reopen a criminal investigation into the Fed headquarters renovations, which could have been used as a means to impeach the former president Jerome Powell of the Fed Board of Directors.