US Department of Justice urges Chairman Powell to dismiss Federal Reserve Board Member Lisa Cook
JH Kim
Summary
- A US Department of Justice official reportedly urged Federal Reserve Chairman Jerome Powell to dismiss Federal Reserve Board Member Lisa Cook.
- It was revealed that Cook was under investigation by the Department of Justice for alleged involvement in mortgage fraud.
- The issue regarding the Federal Reserve Board Member's position could impact the credibility of Federal Reserve policies and market stability.
According to economic news account Walter Bloomberg on the 21st (local time), a US Department of Justice official urged Jerome Powell, Chairman of the Federal Reserve (Fed), to dismiss Federal Reserve Board Member Lisa Cook.
Previously, the Trump Administration had requested a Department of Justice investigation, alleging that Cook was involved in mortgage fraud.
JH Kim
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