Trump appoints committee to investigate statements by the Fed's Lisa Cook
Trump tried to fire Cook, a nominee of former President Joe Biden, but the Supreme Court blocked his first attempt.
TL;DR
- President Trump has formed a committee of inquiry to investigate Federal Reserve Governor Lisa Cook.
- The investigation concerns allegations that Cook made false statements related to mortgage instruments.
- This action is part of Trump's broader effort to remove Cook from the Federal Reserve's board.
- The committee includes Kevin Hassett, Keith Sonderling, and Andrea Lucas.
- Cook was a nominee of former President Joe Biden.