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Trump launches inquiry to remove Lisa Cook
U.S. President Donald Trump has initiated an official investigation against Federal Reserve Board member Lisa Cook just weeks before the Congressional elections, accusing her of providing misleading information in mortgage applications. The investigation involves the formation of a probe committee and a closed-door hearing scheduled for November 5th to review the evidence and determine whether there is a legal basis for her removal. Cook’s defense team has asserted that she will prove her innocence of the charges, while the investigation takes on sensitive constitutional implications due to Supreme Court limitations on the President’s powers to protect the independence of the central bank.
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