U.S. President Donald Trump has announced the creation of a special committee to investigate allegations involving Federal Reserve Governor Lisa Cook, according to a notice posted on the White House website on Friday. The notice, dated Oct. 7, said the committee will review the allegations against Cook and report to Trump on whether there is "cause" to remove her from office. Trump said the panel is being set up to assist him in carrying out that responsibility. The review will focus on whether Cook meets the legal standard for removal under the law. The notice also made clear that the investigation itself does not mean Cook has been removed. The development centers on a formal review process rather than an immediate personnel decision, based on the language in the White House announcement.
U.S. President Donald Trump has created a special committee to investigate allegations involving Federal Reserve Governor Lisa Cook, according to a notice posted on the White House website on Friday.
In the notice, dated Oct. 7, Trump said: "To assist me in carrying out this responsibility, the committee will investigate the allegations against Governor Cook and report to me on whether there is cause to remove Governor Cook."
The review will focus on whether Cook meets the legal standard for removal. The notice said the investigation does not mean she has been removed at this stage.
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