Trump calls on Fed Governor Lisa Cook to resign
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The U.S. Justice Department plans to investigate Federal Reserve Governor Lisa Cook, with a top official informing Federal Reserve Chair Jerome Powell of the probe and encouraging him to remove her, Bloomberg News reported on Thursday.
A Department of Justice official tasked with investigating Federal Reserve Governor Lisa Cook on Thursday urged Chair Jerome Powell to proactively remove her from the board.
"No American thinks it is appropriate that she serve during this time with a cloud hanging over her,” Ed Martin wrote in a letter to the Fed chair.
Her departure would create another opening for Trump to fill on the Fed board as he piles pressure on the central bank to lower rates.