Justice Department signals probe of Fed Governor Lisa Cook
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The Justice Department signaled possible plans to investigate Federal Reserve Governor Lisa Cook, with a top official informing Federal Reserve Chair Jerome Powellof the probe and encouraging him to remove her from the board in a letter sent Thursday.
A top Justice Department official on Thursday called for the head of the Federal Reserve to remove an official from its board, the day after President Donald Trump also demanded action over allegations of mortgage fraud.
"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.
A Department of Justice official tasked with investigating Federal Reserve Governor Lisa Cook on Thursday urged Chair Jerome Powell to proactively remove her from the board.