Trump escalates effort to fire Federal Reserve governor Lisa Cook
A commission that will report to the president will assess the mortgage fraud allegations against her and consider evidence from a hearing next month.

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A commission that will report to the president will assess the mortgage fraud allegations against her and consider evidence from a hearing next month.
The decision, seen as a win for central bank independence, sends the fight over removal back to the lower courts.

Powell's term as Federal Reserve governor does not end until 2028.

The Trump administration wants to remove the board member of the powerful central bank before a key meeting this week on setting interest rates.
A grand jury in Atlanta is looking into Cook.

President Trump has ordered the removal of the central bank official - we unpack what it all means.

'Calls into question your competence and trustworthiness'

The action could cause investors to question the independence of the U.S. central bank and face legal obstacles.
The US president posts a letter addressed to Cook in which he informed her of his decision.
The president's call appears to be his latest effort to influence the central bank board as he demands lower interest rates.
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