Lawyer for Fed Governor Cook Denounces Trump’s New Investigation
US President Trump has ordered a new investigation into Federal Reserve Governor Lisa Cook. Her lawyer has denounced the move, questioning its objectivity. The investigation is reportedly focused on allegations of mortgage fraud. Cook's lawyer has expressed concerns about the fairness of the probe, given Trump's past statements about Cook being an 'automatic no vote'. The development has raised concerns about the politicization of the Fed.
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- ✓ Federal Reserve Governor Lisa Cook is under investigation by a White House committee.
- ✓ The investigation is focused on allegations of mortgage fraud.
- ✓ Cook's lawyer questioned the objectivity of the investigation.
- ✓ Trump has called Cook an 'automatic no vote'.
What changed
The lawyer for Fed Governor Cook denounced Trump's new investigation, expressing doubts about its fairness.
Live updates
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Trump Orders Investigation of Fed Governor Lisa Cook
US President Trump has ordered a new investigation into Federal Reserve Governor Lisa Cook. Her lawyer has denounced the move, questioning its objectivity. The investigation is reportedly focused on allegations of mortgage fraud. Cook's lawyer has expressed concerns about the fairness of the probe, given Trump's past statements about Cook being an 'automatic no vote'. The development has raised concerns about the politicization of the Fed.
Why it matters
The investigation into Cook is part of a broader effort by Trump to assert influence over the Federal Reserve. The Fed's independence is a cornerstone of the US monetary system. Cook's term as Governor is set to expire in 2026. The investigation has sparked concerns about the potential erosion of the Fed's autonomy.
What is confirmed
- Federal Reserve Governor Lisa Cook is under investigation by a White House committee.
- The investigation is focused on allegations of mortgage fraud.
- Cook's lawyer questioned the objectivity of the investigation.
- Trump has called Cook an 'automatic no vote'.
Still unconfirmed
- The investigation is an attempt by Trump to remove Cook from her position.
What to watch next
- The outcome of the White House investigation into Cook
- Any statements from Fed Chair Jerome Powell on the investigation
- The Senate's response to the investigation
confidence 85%Sources used for this update (16)
- www.nytimes.com — The New York Times - Breaking News, US News, World News and Videos
- Axios — Trump orders new investigation of Fed's Lisa Cook
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- The New York Times — Lawyer for Fed Governor Cook Denounces Trump’s New Investigation
- WSJ — Trump Announces White House Hearing to Investigate Fed’s Lisa Cook
- SCOTUSblog — Trump announces committee investigation of Fed Governor Lisa Cook
- Reuters — Fed Governor Cook's lawyer denounces Trump's latest attempt to remove her
- Yahoo — Trump Hatches New Revenge Plot After Supreme Court Defeat
- Bloomberg.com — Fed’s Lisa Cook Puts Off White House Hearing Over Trump’s Allegations
- The New York Times — Trump’s Latest Effort to Fire a Fed Official Underscores Political Motives
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