Trump Orders White House Inquiry Into Federal Reserve Governor Cook
Source Summary
President Trump has ordered a White House commission to examine mortgage fraud allegations against Federal Reserve Governor Cook and review evidence from a scheduled hearing. The inquiry represents a renewed effort to force Cook's departure from the Federal Reserve.
Why it matters
The inquiry directly challenges the independence of the Federal Reserve by subjecting a sitting governor to a presidential commission examining allegations against her.
What remains uncertain
The outcome of the commission's examination and the scheduled hearing remain pending.
