Trump calls on Fed governor Lisa Cook to resign
Digest more
"No American thinks it is appropriate that she serve during this time with a cloud hanging over her,” Ed Martin wrote in a letter to the Fed chair.
The U.S. Justice Department plans to investigate Federal Reserve Governor Lisa Cook, with a top official informing Federal Reserve Chair Jerome Powell of the probe and encouraging him to remove her, Bloomberg News reported on Thursday.
In the coming months, Trump is set to nominate a new Fed chair and another governor, both with permanent votes on the 12-member rate-setting committee.