Trump Again Seeks to Remove Fed Governor Cook, White House Forms Investigative Committee

BlockBeats news, October 9 - U.S. President Trump is intensifying efforts to remove Federal Reserve Governor Cook. The White House announced on Friday the establishment of an "investigative committee" to investigate issues related to Cook's alleged false statements in one or more mortgage documents.

This move is the latest in Trump's ongoing attempts to reshape the Fed's leadership. With only weeks remaining until the Fed's next monetary policy meeting, Fed officials unanimously voted to raise interest rates last month, contrary to Trump's consistent stance in favor of rate cuts.