Lisa Cook's lawyer says a White House committee probing mortgage fraud claims would not be fair, while Donald Trump again attacks the Fed governor and says she is an 'automatic no vote'.
Follow the storyTrump20 stories
01Summary
- 01Abbe Lowell said the three-member committee has 'demonstrably biased members' and unspecified extra allegations that undermine fairness.
- 02He told Will Scharf that no hearing should happen before December because Cook will be on Federal Reserve duties in Europe and Asia.
- 03Trump called Cook 'dishonest' and said she was an 'automatic no vote', apparently referring to her opposition to rate cuts.
- 04The White House said Trump is performing his constitutional duty and that Cook has been offered an in-person hearing on 5 November.
02Why it matters
The case adds uncertainty around the Federal Reserve and raises questions about whether Cook can continue in her role while fighting the allegations. Any move against a Fed governor can matter for interest-rate expectations and market confidence.
Pulse AIAsk about this story
Answers are generated by AI from the story summary; they are not investment, health or legal advice.
