What changed in this update
President Trump established a committee to look into allegations that Fed Governor Lisa Cook made false statements on mortgage documents, the latest step in his renewed effort to fire her.
President Donald Trump established a White House committee to investigate Federal Reserve Governor Lisa Cook over allegations that she made false statements on mortgage documents, which she denies. The inquiry will hold a hearing at the White House on Nov. 5 that Trump said Cook "shall" attend. The move renews Trump's effort to remove Cook after a Supreme Court ruling that her earlier firing was unconstitutional.
NYTimes – Business President Trump established a committee to look into allegations that Fed Governor Lisa Cook made false statements on mortgage documents, the latest step in his renewed effort to fire her.
NYTimes – Business President Trump said the White House would investigate unsubstantiated claims that Lisa D. Cook committed mortgage fraud and hold a hearing next month.
The inquiry will include a hearing at the White House Nov. 5, President Donald Trump said in a written memo, that Cook "shall" attend to answer questions from the committee.
Cook is being scrutinized for mortgage fraud allegations, which she denies.
President Trump established a committee to look into allegations that Fed Governor Lisa Cook made false statements on mortgage documents, the latest step in his renewed effort to fire her.
US president renews his efforts to oust Cook despite supreme court ruling that her firing was unconstitutional Donald Trump announced on Friday that he is establishing a committee to investigate Lisa Cook, the US Federal Reserve governor, over allegations that she committed mortgage fraud, renewing his efforts to oust her despite a June supreme court ruling that her earlier firing was unconstitutional. Trump said a…
“As President, it is my job to ensure the laws are faithfully executed, including by firing subordinates who cannot be trusted to tell the truth and follow the law,” he wrote in a memo.
NYTimes – Business European Central Bank President Christine Lagarde will step down in February 2027, nine months before her eight-year term ends, triggering a selection process among European leaders for her successor. European Council President Antonio Costa said the process to find a replacement is underway. The Guardian noted Lagarde has been seen as a candidate to take over the World Economic Forum.
BBC News – Business Sanrio, the company behind Hello Kitty, has apologised and ended its commercial tie-up with Japanese TV drama Vivant after Chinese state media and online critics condemned the show's portrayal of ruthless Chinese agents as a "deliberate smear", according to the Guardian.
NYTimes – Business The Federal Reserve has left interest rates unchanged - despite persistently high inflation and repeated calls from Donald Trump to lower borrowing costs.
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