U.S. President Donald Trump is intensifying his push to remove Federal Reserve Governor Cook, according to BlockBeats. The White House said Friday that it has set up an "inquiry panel" to examine allegations that Cook made false statements in one or more mortgage documents. The move marks the latest step in Trump’s broader attempt to reshape the leadership of the Federal Reserve. Its timing is notable: the next Fed monetary policy meeting is only weeks away. Last month, Fed officials voted unanimously to raise interest rates, a decision that ran against Trump’s long-standing preference for lower rates. The development places renewed political pressure on the central bank leadership as the rate debate remains active.
On Oct. 9, U.S. President Donald Trump stepped up his effort to remove Federal Reserve Governor Cook, according to BlockBeats.
The White House said Friday that it had established an "inquiry panel" to examine allegations that Cook made false statements in one or more mortgage documents.
The move is the latest in Trump’s continuing effort to reshape the leadership of the Federal Reserve. It comes only weeks before the Fed’s next monetary policy meeting. Last month, Fed officials voted unanimously to raise interest rates, a position that conflicts with Trump’s long-held preference for rate cuts.
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