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Trump renews bid to fire Fed's Cook with fresh White House inquiry

Reuters · 2026-10-09

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data-react-aria-pressable="true" aria-label="Sustainability" aria-haspopup="true" aria-expanded="false"><svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 15 9" aria-hidden="true" focusable="false" role="presentation" data-testid="IconChevronDown" class="nav-bar-module__arrow__D1LfD chevron-down"><path d="M14.093.337c-.411-.45-1.028-.45-1.44 0L7.2 6.3 1.749.337c-.411-.45-1.028-.45-1.44 0a1.16 1.16 0 0 0 0 1.576l6.171 6.75c.206.225.515.337.72.337.205 0 .515-.112.72-.338l6.172-6.75a1.16 1.16 0 0 0 0-1.575h.001Z"></path></svg></button></div><div class="nav-bar-module__hidden__1Qi40" data-testid="sectionDropdownContainer" role="presentation"><span data-focus-scope-start="true" hidden=""></span><div data-testid="Sustainability" class="nav-bar-module__dropdown__bsmM6" id="react-aria-_R_4d7ila_"><div class="nav-dropdown-module__container__X8zm-" data-testid="NavDropdownContainer"><div class="nav-dropdown-module__inner__VS6zv"><div class="nav-dropdown-module__submenu__-HR75"><div class="nav-dropdown-module__inner__VS6zv"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="SectionDropdown" href="/sustainability/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Browse Sustainability</a></h2><div class="nav-dropdown-module__sections__i94UN"><ul class="nav-dropdown-module__sections-group__CPSAa"><li><a data-testid="Body" href="/sustainability/boards-policy-regulation/" data-subnav="Sustainability_Boards, Policy &amp; Regulation" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Boards, Policy &amp; Regulation</a></li><li><a data-testid="Body" href="/sustainability/climate-energy/" data-subnav="Sustainability_Climate &amp; Energy" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Climate &amp; Energy</a></li><li><a data-testid="Body" href="/sustainability/land-use-biodiversity/" data-subnav="Sustainability_Land Use &amp; Biodiversity" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Land Use &amp; Biodiversity</a></li><li><a data-testid="Body" href="/sustainability/society-equity/" data-subnav="Sustainability_Society &amp; Equity" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Society &amp; Equity</a></li><li><a data-testid="Body" href="/sustainability/sustainable-finance-reporting/" data-subnav="Sustainability_Sustainable Finance &amp; Reporting" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Sustainable Finance &amp; Reporting</a></li><li><a data-testid="Body" href="/sustainability/the-switch/" data-subnav="Sustainability_The Switch" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">The Switch</a></li><li><a data-testid="Body" href="/sustainability/reuters-impact/" data-subnav="Sustainability_Reuters Impact" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Reuters Impact</a></li><li><a data-testid="Body" href="/sustainability/cop/" data-subnav="Sustainability_COP31" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">COP31</a></li></ul></div></div></div></div></div></div><span data-focus-scope-end="true" hidden=""></span></div></li><li class="nav-bar-module__nav-item__EUpy4"><div class="nav-bar-module__nav-button__mCZoN"><button data-testid="Text" type="button" tabindex="0" data-react-aria-pressable="true" aria-haspopup="true" aria-expanded="false" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__extra_small__8Buss nav-bar-module__button__YVhxE">More<svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 15 9" aria-hidden="true" focusable="false" role="presentation" data-testid="IconChevronDown" class="nav-bar-module__arrow__D1LfD nav-bar-module__more__C7bEy chevron-down"><path d="M14.093.337c-.411-.45-1.028-.45-1.44 0L7.2 6.3 1.749.337c-.411-.45-1.028-.45-1.44 0a1.16 1.16 0 0 0 0 1.576l6.171 6.75c.206.225.515.337.72.337.205 0 .515-.112.72-.338l6.172-6.75a1.16 1.16 0 0 0 0-1.575h.001Z"></path></svg></button></div><div class="nav-bar-module__hidden__1Qi40" data-testid="moreSectionDropdownContainer" role="presentation"><span data-focus-scope-start="true" hidden=""></span><div class="nav-bar-module__dropdown__bsmM6" id="react-aria-_R_l7ila_"><div class="nav-dropdown-module__container__X8zm-" data-testid="NavDropdownContainer"><div class="nav-dropdown-module__inner__VS6zv"><div class="nav-dropdown-module__submenu__-HR75"><div class="nav-dropdown-module__inner__VS6zv"><div class="nav-dropdown-module__more-sections__9LctJ"><div class="nav-dropdown-module__group-container__B7ZaS"><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e nav-dropdown-module__has-children__Wpz3R"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/legal/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Legal</a></h2><ul class="nav-dropdown-module__subsections__ElxDL"><li><a data-testid="Body" href="/legal/government/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Government</a></li><li><a data-testid="Body" href="/legal/legalindustry/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Legal Industry</a></li><li><a data-testid="Body" href="/legal/litigation/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Litigation</a></li><li><a data-testid="Body" href="/legal/transactional/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Transactional</a></li><li><a data-testid="Body" href="/legal/us-supreme-court/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">US Supreme Court</a></li></ul></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e nav-dropdown-module__has-children__Wpz3R"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/commentary/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Commentary</a></h2><ul class="nav-dropdown-module__subsections__ElxDL"><li><a data-testid="Body" href="/commentary/breakingviews/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Breakingviews</a></li><li><a data-testid="Body" href="/commentary/reuters-open-interest/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">ROI: Reuters Open Interest</a></li></ul></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e nav-dropdown-module__has-children__Wpz3R"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/technology/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Technology</a></h2><ul class="nav-dropdown-module__subsections__ElxDL"><li><a data-testid="Body" href="/technology/artificial-intelligence/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Artificial Intelligence</a></li><li><a data-testid="Body" href="/technology/cybersecurity/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Cybersecurity</a></li><li><a data-testid="Body" href="/technology/space/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Space</a></li><li><a data-testid="Body" href="/technology/disrupted/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Disrupted</a></li></ul></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/investigations/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Investigations</a></h2></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e nav-dropdown-module__has-children__Wpz3R"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/sports/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Sports</a></h2><ul class="nav-dropdown-module__subsections__ElxDL"><li><a data-testid="Body" href="/sports/world-cup/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">World Cup</a></li><li><a data-testid="Body" href="/sports/athletics/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Athletics</a></li><li><a data-testid="Body" href="/sports/baseball/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Baseball</a></li><li><a data-testid="Body" href="/sports/basketball/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Basketball</a></li><li><a data-testid="Body" href="/sports/cricket/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Cricket</a></li><li><a data-testid="Body" href="/sports/cycling/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Cycling</a></li><li><a data-testid="Body" href="/sports/formula1/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Formula 1</a></li><li><a data-testid="Body" href="/sports/golf/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Golf</a></li><li><a data-testid="Body" href="/sports/nfl/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">NFL</a></li><li><a data-testid="Body" href="/sports/nhl/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">NHL</a></li><li><a data-testid="Body" href="/sports/soccer/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Soccer</a></li><li><a data-testid="Body" href="/sports/tennis/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Tennis</a></li></ul></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/science/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Science</a></h2></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e nav-dropdown-module__has-children__Wpz3R"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/lifestyle/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Lifestyle</a></h2><ul class="nav-dropdown-module__subsections__ElxDL"><li><a data-testid="Body" href="/lifestyle/culture-current/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Culture Current</a></li></ul></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/city-memo/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">City Memo</a></h2></section></div><div class="nav-dropdown-module__group-container__B7ZaS"><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e nav-dropdown-module__has-children__Wpz3R"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/graphics/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Graphics</a></h2><ul class="nav-dropdown-module__subsections__ElxDL"><li><a data-testid="Body" href="/chart-of-the-week/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Chart of the Week</a></li></ul></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/pictures/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Pictures</a></h2></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/wider-image/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Wider Image</a></h2></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e nav-dropdown-module__has-children__Wpz3R"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/podcasts/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Podcasts</a></h2><ul class="nav-dropdown-module__subsections__ElxDL"><li><a data-testid="Body" href="/podcasts/reuters-world-news/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Reuters World News</a></li><li><a data-testid="Body" href="/podcasts/reuters-morning-bid/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl 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data-testid="DefaultArticleHeader"><div class="default-article-header-module__container__b05Pl"><div class="default-article-header-module__heading__TeQVW"><h1 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_article__2yUro heading-module__base__p-zaD heading-module__heading_article__h3IXH headline-module__headline__L8lWb">Trump renews bid to fire Fed&#x27;s Cook with fresh White House inquiry</h1><div data-testid="InfoContent" class="info-content-module__info__FR-5y default-article-header-module__info-content__EOcyE"><div data-testid="AuthorName" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__tag_label__4kwMu"><span data-testid="Text" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__tag_label__4kwMu">By </span><a data-testid="AuthorNameLink" referrerPolicy="no-referrer-when-downgrade" 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text-module__ultra_small__6-vhY body-module__full_width__kCIGb body-module__ultra_small_body__WelUC primary-image-module__caption__BFvVU"><span>Federal Reserve Governor Lisa Cook walks outside the U.S. Supreme Court, as Supreme Court justices consider U.S. President Donald Trump&#x27;s effort to fire her, in Washington, D.C., U.S., January... <a data-testid="Link" target="_blank" referrerPolicy="no-referrer-when-downgrade" href="https://www.reutersconnect.com/item/us-supreme-court-hear-us-president-trumps-bid-to-fire-fed-governor-cook/dGFnOnJldXRlcnMuY29tLDIwMjY6bmV3c21sX1JDMlQ1SkFKRURUVg%3D%3D/?utm_medium=rcom-article-media&amp;utm_campaign=rcom-rcp-lead" rel="noopener" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76 collapsible-caption-module__license__CPQvV">Purchase Licensing<span><span 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aria-pressed="false" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__inherit-size__EyiQW body-module__base__o--Cl body-module__ultra_small_body__WelUC collapsible-caption-module__button__8GvDd">Read more</span></div></figure></div><div class="article-body-module__content__bnXL1"><div data-testid="ContextWidget" class="context-widget-module__container__b9mKr context-widget-module__with-scroll__CmEdD article-body-module__context_widget__sq1EI"><div data-testid="TabContainer" class="context-widget-module__tabcontainer__O1B-s context-widget-module__right-gradient__QLuno"><ul role="tablist" class="context-widget-module__tabs__AIjL0"><li data-testid="summary-tab" role="tab" aria-selected="true" tabindex="0" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf context-widget-module__tab__lRw-D context-widget-module__selected__Et295">Summary</li></ul></div><div data-testid="ContextWidgetContent" class="context-widget-module__content__lI1uo"><ul data-testid="Summary" class="summary-module__summary__QjADA"><li data-testid="Body" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz">White House committee to question Cook in closed hearing for up to four hours</li><li data-testid="Body" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz">Cook&#x27;s lawyers say fair hearing would show no legal basis for firing her</li><li data-testid="Body" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz">Trump first tried to fire Cook in August 2025 in a case that reached Supreme Court</li></ul></div></div><div data-testid="paragraph-0" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">WASHINGTON, Oct 9 (Reuters) - US President Donald Trump launched a new ​inquiry into Federal Reserve Governor Lisa Cook weeks before congressional<a data-testid="Link" referrerPolicy="no-referrer-when-downgrade" href="https://www.reuters.com/world/us/elections/" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC">elections</a>, convening an investigative committee and ordering an unprecedented White House hearing into allegations she made false statements ‌on mortgage applications.</div><div data-testid="paragraph-1" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">Trump has been trying to fire Cook for more than a year as he moves to exert more control over a central bank he says is refusing for political reasons to lower interest rates. Lawyers for Cook said on Friday any fair hearing would show there is no legal basis for firing her.</div><p data-testid="promo-box" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__promo-box__hVl8h"> <!-- -->Sign up<!-- --> <!-- --> <a data-testid="Link" referrerPolicy="no-referrer-when-downgrade" href="undefined?location=article-paragraph&amp;redirectUrl=%2Fworld%2Fus%2Ftrump-launches-committee-probe-feds-lisa-cook-white-house-statement-2026-10-09%2F" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC">here.</a></p><div data-testid="element" class="article-body-module__element__5eCce"></div><div data-testid="paragraph-2" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">&quot;As President, it is my job to ensure the laws are faithfully executed, including by firing subordinates who cannot be trusted to tell the ​truth and follow the law,&quot; Trump said in a notice on the White House website on Friday.</div><div data-testid="paragraph-3" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">&quot;To assist me in carrying out that responsibility, the Committee shall investigate the allegations ​against Governor Cook and report to me whether there is &#x27;cause&#x27; for Governor Cook’s removal,&quot; according to the notice, dated October 7.</div><div data-testid="element" class="article-body-module__element__5eCce"></div><div data-testid="paragraph-4" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">The committee will hold a ⁠closed, in-person four-hour hearing at the White House on November 5 &quot;to consider the evidence and allegations against Governor Cook,&quot; the presidential memorandum said.</div><div data-testid="paragraph-5" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">The hearing falls two days after elections that will determine if ​Trump&#x27;s Republican Party maintains control of the House and Senate, whose members are charged with confirming presidential nominees to the Fed. A successful removal of Cook would create a vacancy on the Fed&#x27;s seven-member ​Board.</div><div data-testid="element" class="article-body-module__element__5eCce"></div><div data-testid="paragraph-6" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">If the hearing is &quot;anything close to objective, the conclusion will be that Governor Cook did not commit mortgage fraud, leaving no cause to remove her from the Federal Reserve Board,&quot; Cook&#x27;s lawyers Abbe Lowell and Norm Eisen said in a statement. &quot;Governor Cook welcomes the opportunity to present the facts so she can clear her name and demonstrate there is no legal basis to fire her.”</div><div data-testid="paragraph-7" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">They said they had engaged with the White House about the process.</div><div data-testid="element" class="article-body-module__element__5eCce"></div><div data-testid="paragraph-8" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">Trump first tried ​to fire Cook, the first Black woman to serve on the central bank&#x27;s board, in August 2025. No president has ever tried to fire a sitting Fed governor before. Central banks are widely ​seen as needing political independence to ensure their ability to fight inflation as needed.</div><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS article-body-module__heading__KTJKz">SUPREME COURT RULING ON FED REMOVAL</h2><div data-testid="paragraph-9" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">Cook sued, saying she had done nothing wrong. The case led to the US Supreme Court <a data-testid="Link" referrerPolicy="no-referrer-when-downgrade" href="https://www.reuters.com/world/us-supreme-court-rejects-trumps-unprecedented-bid-fire-feds-cook-2026-06-29/" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC">ruling</a> earlier this year that ‌the president ⁠could not remove a Fed governor at will, and needed to follow a clear process laying out a &#x27;cause&#x27; for firing and allowing for a defense.</div><div data-testid="element" class="article-body-module__element__5eCce"></div><div data-testid="paragraph-10" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">The ruling left Cook in her position but kicked the case against her back to a federal district court, where Judge Kia Cobb last month set a November 6 deadline for Trump&#x27;s and Cook&#x27;s lawyers to submit a joint proposal for the proceedings.</div><div data-testid="paragraph-11" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">Cook was appointed to the Fed board in 2022 by former President Joe Biden, a Democrat, and was reappointed in 2023 to a term that lasts until 2038. She has always cast her vote with the majority ​on the Fed&#x27;s policy-making committee, which last month ​raised interest rates under the leadership of Kevin ⁠Warsh, whom Trump appointed to succeed Jerome Powell in May.</div><div data-testid="paragraph-12" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">&quot;Trump appears to believe that the reason the Fed has turned hawkish is because his chosen chairman Warsh is boxed in by a hawkish and politically hostile Fed Board,&quot; Evercore ISI analyst Krishna Guha wrote. Trump&#x27;s creation of the inquiry committee &quot;constitutes ​a re-upping of his threat to Fed independence and will be counterproductive in terms of the President’s desire for lower interest rates.&quot;</div><div data-testid="paragraph-13" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">Trump&#x27;s chief economic ​policy advisor Kevin Hassett, Equal ⁠Employment Opportunity Commission chair Andrea Lucas, and acting Office of Government Ethics director Keith Sonderling will comprise the newly formed committee, the memorandum said. Those members, their representatives, or Department of Justice personnel will question Cook for &quot;no longer than four hours.&quot;</div><div data-testid="paragraph-14" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">The committee will make its recommendation to Trump on whether he has cause to remove Cook &quot;as soon as practicable&quot; after a November 10 deadline for Cook to submit any post-hearing statement, the ⁠memo said.</div><div data-testid="paragraph-15" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">Senator ​Elizabeth Warren, the top Democrat on the Senate Banking Committee that oversees the Fed, called the hearing a &quot;kangaroo court&quot; and ​part of Trump&#x27;s &quot;dangerous quest to illegally take over our nation’s central bank.&quot;</div><div data-testid="paragraph-16" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">Trump has contended Powell, who has remained at the Fed as governor, may have engaged in financial misconduct related to the Fed&#x27;s building renovations, an allegation that sparked a now-closed Department ​of Justice criminal investigation and was rejected last month by an independent watchdog agency.</div><div class="article-body-module__element__5eCce"><p data-testid="Advisory" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__extra_small__8Buss body-module__full_width__kCIGb body-module__extra_small_body__Bfz20 article-body-module__advisory__v0OH7">Adds context on election in paragraph 6, analyst and and lawmaker comments and background paragraphs 14-18</p></div><div class="article-body-module__element__5eCce"><p data-testid="SignOff" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__extra_small__8Buss body-module__full_width__kCIGb body-module__extra_small_body__Bfz20 sign-off-module__text__LQAMP">Reporting by Doina Chiacu and Susan Heavey, Michael S. 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people, then himself, police say, includes gallery" href="/world/us/nine-dead-erie-pennsylvania-mass-shooting-2026-10-10/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_on_hover__YTwYC"><span data-testid="TitleHeading" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS title-module__heading__ZrRzk">Erie, Pennsylvania shooter killed 8 people, then himself, police say</span></a></div><figure class=" image-container no-caption story-card-module__area-media__N2Hg6" data-testid="MediaImage"><a data-testid="MediaImageLink" aria-hidden="true" tabindex="-1" referrerPolicy="no-referrer-when-downgrade" href="/world/us/nine-dead-erie-pennsylvania-mass-shooting-2026-10-10/" class="text-module__text__0GDob text-module__dark-grey__UFC18 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story-card-module__transition-no-date-for-desktop__b65V6 story-card-module__transition-no-date-for-tablet__2zqMx story-card-module__transition-media-on-right-for-mobile__ygju8 read-next-v2-module__story-card__Bus22" data-are-authors="true" data-has-multiple-authors="true" data-dir="ltr" data-testid="StoryCard" tabindex="-1"><time data-testid="DateLineText" dateTime="2026-10-11T00:25:46.589Z" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__light__ZYtNU text-module__ultra_small__6-vhY story-card-module__area-date__p9wlR"> ago</time><div data-testid="Title" class="title-module__title__Lr6MH story-card-module__area-headline__N6EZa"><a data-testid="TitleLink" referrerPolicy="no-referrer-when-downgrade" aria-label="Isaias kills four, about 670,000 without power after landfall, includes video" href="/business/environment/category-3-hurricane-isaias-makes-landfall-near-destin-florida-nhc-says-2026-10-10/" class="text-module__text__0GDob 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src="https://www.reuters.com/resizer/v2/R6MSLVUMUNMARLIPUAYXHNQBBA.jpg?auth=610ec7fefc40d905ff8dd5df4960e54e78947fb665882959404ff5644a5fc1cc&width=1200&quality=80" width="3744" height="2496" alt="Ajay Banga, President of the World Bank Group, reacts during the Clinton Global Initiative 2026 Annual Meeting in New York City" /></noscript></div></div></a></div><div class="media-story-card-module__body__nZjo1"><h3 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_3__mSQzZ heading-module__base__p-zaD heading-module__heading_3__ESrdL"><a data-testid="Link" referrerPolicy="no-referrer-when-downgrade" href="https://www.reuters.com/business/finance/world-bank-talks-with-dozens-countries-about-crisis-aid-banga-says-2026-10-11/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-module__inherit-line-height__1vd2c media-story-card-module__heading__xgKcP">World Bank in talks with dozens of countries about crisis aid, Banga says</a></h3><span data-testid="Label" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__light__ZYtNU text-module__default__R2Ckt label-module__label__Sv2H2 kicker_hero media-story-card-module__section__PyVDc"><a data-testid="Link" referrerPolicy="no-referrer-when-downgrade" href="/business/" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_on_hover__YTwYC"><span style="border:0;clip:rect(0 0 0 0);clip-path:inset(50%);height:1px;margin:-1px;overflow:hidden;padding:0;position:absolute;width:1px;white-space:nowrap">category</span></a> · <time dateTime="2026-10-11T06:07:09.142Z">October 11, 2026 · 6:07 AM UTC</time> ·  ago</span><p data-testid="Body" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__large__03GSP body-module__base__o--Cl body-module__large_body__NQgnj media-story-card-module__description__DzXN2">The World Bank is in discussions with 30 to 40 countries about potential crisis aid to help them manage energy shocks and price increases triggered by the war in the Middle East, ​its president, Ajay Banga, told Reuters in an interview.</p></div></div></li><li class="story-collection-module__list-item__nvJUz story-collection-module__story__A3dpi story-collection-module__default__k3Xt2 story-collection-module__with-spacing__OhP-U" id="63EKSJUOLVNPPDKFPIZ3DMYJEE" data-testid="one_hero_and_two_columns"><div data-testid="MediaStoryCard" class="media-story-card-module__hub__y3KsD story-card"><div class="media-story-card-module__placement-container__1ZSB1"><a 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15.2,1.5 15,1.633 L11.3335,4.233 L11.3335,2.1665 C11.3335,1.033 10.467,0.1665 9.3335,0.1665 L2,0.1665 C0.8665,0.1665 0,1.033 0,2.1665 L0,8.833 C0,9.9665 0.8665,10.833 2,10.833 L9.3335,10.833 C10.467,10.833 11.3335,9.9665 11.3335,8.833 L11.3335,6.7665 L14.9335,9.3665 C15.067,9.433 15.2,9.5 15.3335,9.5 C15.467,9.5 15.5335,9.5 15.667,9.4335 C15.867,9.3 16.0005,9.1 16.0005,8.8335 L16.0005,2.167 C16.0005,1.9005 15.867,1.7005 15.667,1.567 L15.6665,1.5665 Z M10,8.8335 C10,9.2335 9.7335,9.5 9.3335,9.5 L2,9.5 C1.6,9.5 1.3335,9.2335 1.3335,8.8335 L1.3335,2.167 C1.3335,1.767 1.6,1.5005 2,1.5005 L9.3335,1.5005 C9.7335,1.5005 10,1.767 10,2.167 L10,8.8335 Z M14.6665,7.5665 L11.8,5.5 L14.6665,3.4335 L14.6665,7.567 L14.6665,7.5665 Z"></path></svg></div><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="https://www.reuters.com/video/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Videos</span></a></li><li class="link-group-module__item__Za3t6"><div data-testid="Media" class="link-group-module__symbol__vLvQd media-module__symbol__O-kyE media-module__none__3jUM3"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 21 18" aria-hidden="true" focusable="false" role="presentation"><path d="M13.1256562,0 C13.3881562,0 13.6506562,0.17954776 13.825875,0.3597705 L15.3135937,2.69996625 L18.375,2.69996625 C19.8627187,2.69996625 21,3.8697266 21,5.3999325 L21,15.3000337 C21,16.8302396 19.8627187,18 18.375,18 L2.625,18 C1.13728125,18 0,16.8302396 0,15.3000337 L0,5.3999325 C0,3.8697266 1.13728125,2.69996625 2.625,2.69996625 L5.6877187,2.69996625 L7.1754375,0.3597705 C7.3506562,0.18022275 7.6131562,0 7.8756562,0 L13.1256562,0 Z M12.6013125,1.79952751 L8.3140312,1.79952751 L6.8263125,4.1397233 C6.6510937,4.319271 6.3885937,4.4994938 6.1260937,4.4994938 L2.6263125,4.4994938 C2.1013125,4.4994938 1.75153125,4.8592643 1.75153125,5.3992575 L1.75153125,15.2993588 C1.75153125,15.839352 2.1013125,16.1991225 2.6263125,16.1991225 L18.3763125,16.1991225 C18.9013125,16.1991225 19.2510937,15.839352 19.2510937,15.2993588 L19.2510937,5.3992575 C19.2510937,4.8592643 18.9013125,4.4994938 18.3763125,4.4994938 L14.8765312,4.4994938 C14.6140312,4.4994938 14.3515312,4.319946 14.0890312,4.1397233 L12.6013125,1.79952751 Z M10.5013125,5.3999325 C12.95175,5.3999325 14.8765312,7.3796828 14.8765312,9.9001012 C14.8765312,12.4205197 12.95175,14.40027 10.5013125,14.40027 C8.050875,14.40027 6.1260937,12.4205197 6.1260937,9.9001012 C6.1260937,7.3796828 8.0515312,5.3999325 10.5013125,5.3999325 Z M10.5013125,7.19946 C9.0135937,7.19946 7.8763125,8.3692204 7.8763125,9.8994263 C7.8763125,11.4296321 9.0135937,12.5993925 10.5013125,12.5993925 C11.9890312,12.5993925 13.1263125,11.4296321 13.1263125,9.8994263 C13.1263125,8.3692204 11.9890312,7.19946 10.5013125,7.19946 Z"></path></svg></div><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="https://www.reuters.com/pictures/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Pictures</span></a></li><li class="link-group-module__item__Za3t6"><div data-testid="Media" class="link-group-module__symbol__vLvQd media-module__symbol__O-kyE media-module__none__3jUM3"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 16 16" aria-hidden="true" focusable="false" role="presentation" aria-labelledby="react-aria-_R_5q67la_"><path d="M14.386.95c.483.049.907.266 1.213.632v-.01c.296.366.434.811.394 1.276l-.956 9.82c-.079.78-.67 1.394-1.45 1.532v.06c0 .959-.798 1.74-1.774 1.74H1.775C.799 16 0 15.219 0 14.26V4.4c0-.959.799-1.74 1.775-1.74h.582l.108-1.088C2.544.672 3.323 0 4.23 0h.168l9.988.95ZM9.357 8.9l-.039.04v-.01l-5.926 5.745h8.44c.227 0 .414-.148.444-.366v-2.75L9.545 8.9a.208.208 0 0 0-.188 0Zm2.91.84V4.4h-.01a.427.427 0 0 0-.375-.425H1.775a.445.445 0 0 0-.444.366v9.928c0 .159.089.297.227.376L8.39 8.02a1.515 1.515 0 0 1 2.002-.09l.108.09 1.765 1.72Zm-8.57-7.08h8.116c.976 0 1.774.781 1.774 1.74v8.406a.363.363 0 0 0 .119-.188l.02-.07.956-9.809a.432.432 0 0 0-.335-.465l-.07-.02-9.988-.939a.44.44 0 0 0-.473.327l-.02.069-.098.95ZM2.515 6.863c0-.96.8-1.74 1.775-1.74.976 0 1.775.78 1.775 1.74 0 .959-.799 1.74-1.775 1.74-.976 0-1.775-.781-1.775-1.74Zm1.775.435a.44.44 0 0 0 .444-.435.44.44 0 0 0-.444-.435.44.44 0 0 0-.443.435.44.44 0 0 0 .443.435Z"></path></svg></div><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="https://www.reuters.com/graphics/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Graphics</span></a></li><li class="link-group-module__item__Za3t6"><div data-testid="Media" class="link-group-module__symbol__vLvQd media-module__symbol__O-kyE media-module__none__3jUM3"><svg viewBox="0 0 21 21" fill="none" xmlns="http://www.w3.org/2000/svg" aria-hidden="true" focusable="false" role="presentation"><path fill-rule="evenodd" clip-rule="evenodd" d="M4.52695 8.72305C4.52695 5.42421 7.20119 2.74998 10.5 2.74998C13.7989 2.74998 16.4731 5.42421 16.4731 8.72305V11.7234H15.9615C15.4093 11.7234 14.9615 12.1711 14.9615 12.7234V19.6465C14.9615 20.1987 15.4093 20.6465 15.9615 20.6465H18.3C19.515 20.6465 20.5 19.6615 20.5 18.4465V13.9234C20.5 12.7328 19.5543 11.7631 18.3731 11.7246V8.72305C18.3731 4.37487 14.8482 0.849976 10.5 0.849976C6.15185 0.849976 2.62695 4.37487 2.62695 8.72305V11.7246C1.44574 11.7631 0.5 12.7328 0.5 13.9234V18.4465C0.5 19.6615 1.48497 20.6465 2.7 20.6465H5.03846C5.59075 20.6465 6.03846 20.1987 6.03846 19.6465V12.7234C6.03846 12.1711 5.59075 11.7234 5.03846 11.7234H4.52695V8.72305Z"></path></svg></div><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="https://www.reuters.com/podcasts/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Podcasts</span></a></li></ul></section></div><section data-testid="LinkGroup" class="site-footer-module__link-group__Hxt4R site-footer-module__hidden-mobile__5cjU9"><h3 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__light__ZYtNU text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6_light__klgho link-group-module__label__mDGn2">Latest</h3><ul class="link-group-module__list__yrOzI link-group-module__vertical__vGvtx"><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Home</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/sitemap/authors/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Authors</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/sitemap/topics/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Topic Sitemap</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/archive/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Archive</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/sitemap/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Article Sitemap</span></a></li></ul></section><section data-testid="LinkGroup" class="site-footer-module__link-group__Hxt4R"><h3 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__light__ZYtNU text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6_light__klgho link-group-module__label__mDGn2">Browse</h3><ul class="link-group-module__list__yrOzI link-group-module__vertical__vGvtx"><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/world/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">World</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/business/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Business</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/markets/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Markets</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/sustainability/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Sustainability</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/legal/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Legal</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/breakingviews/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Breakingviews</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/technology/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Technology</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/investigations/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Investigations</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/sports/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Sports</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/science/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Science</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/lifestyle/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Lifestyle</span></a></li></ul></section><section data-testid="LinkGroup" class="site-footer-module__link-group__Hxt4R site-footer-module__hidden-mobile__5cjU9"><h3 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__light__ZYtNU text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6_light__klgho link-group-module__label__mDGn2">Media</h3><ul class="link-group-module__list__yrOzI link-group-module__vertical__vGvtx"><li class="link-group-module__item__Za3t6"><div data-testid="Media" class="link-group-module__symbol__vLvQd media-module__symbol__O-kyE media-module__none__3jUM3"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 16 11" aria-hidden="true" focusable="false" role="presentation" aria-labelledby="react-aria-_R_16i7la_"><path d="M15.6665,1.5665 C15.4665,1.433 15.2,1.5 15,1.633 L11.3335,4.233 L11.3335,2.1665 C11.3335,1.033 10.467,0.1665 9.3335,0.1665 L2,0.1665 C0.8665,0.1665 0,1.033 0,2.1665 L0,8.833 C0,9.9665 0.8665,10.833 2,10.833 L9.3335,10.833 C10.467,10.833 11.3335,9.9665 11.3335,8.833 L11.3335,6.7665 L14.9335,9.3665 C15.067,9.433 15.2,9.5 15.3335,9.5 C15.467,9.5 15.5335,9.5 15.667,9.4335 C15.867,9.3 16.0005,9.1 16.0005,8.8335 L16.0005,2.167 C16.0005,1.9005 15.867,1.7005 15.667,1.567 L15.6665,1.5665 Z M10,8.8335 C10,9.2335 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Cook in closed hearing for up to four hours"},{"description":"Cook's lawyers say fair hearing would show no legal basis for firing her"},{"description":"Trump first tried to fire Cook in August 2025 in a case that reached Supreme Court"}],"newsletters":[{"name":"Reuters Misinformation Monitor","promoBoxDescription":"The Misinformation Monitor newsletter rounds up international misinformation narratives, with a \"Real or Fake?\" quiz in every edition.","landingPageUrl":"/newsletters/misinformation-monitor/","sailThruId":"misinformation-monitor"},{"name":"Reuters Daily Briefing","promoBoxDescription":"The Reuters Daily Briefing newsletter provides all the news you need to start your day.","landingPageUrl":"/newsletters/daily-briefing/","sailThruId":"newsletter_subscription"},{"name":"Reuters Politics U.S.","promoBoxDescription":"Get weekly news and analysis on U.S. politics and how it matters to the world with the Reuters Politics U.S. 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Player...</div><script src=\"https://elevenlabs.io/player/audioNativeHelper.js\" type=\"text/javascript\"><\/script>","audio_url":"https://eleven-public-cdn.elevenlabs.io/audio-native/4755746b1f90e57c3c83176ebb4062380b8a9a1a2e7bf22c8d2d745486357d64/GaMCi7O9Xtm5cUG2NCsi/1LgGRkvFNnhUtJ7vYsZL.mp3"},"excerpt":{"content":"US President Donald Trump launched a new ​inquiry into Federal Reserve Governor Lisa Cook weeks before congressional<a href=\"https://www.reuters.com/world/us/elections/\">elections</a>, convening an investigative committee and ordering an unprecedented White House hearing into allegations she made false statements ‌on mortgage applications.","type":"paragraph"},"content_elements":[{"content":"US President Donald Trump launched a new ​inquiry into Federal Reserve Governor Lisa Cook weeks before congressional<a href=\"https://www.reuters.com/world/us/elections/\">elections</a>, convening an investigative committee and ordering an unprecedented White House hearing into allegations she made false statements ‌on mortgage applications.","type":"paragraph"},{"content":"Trump has been trying to fire Cook for more than a year as he moves to exert more control over a central bank he says is refusing for political reasons to lower interest rates. Lawyers for Cook said on Friday any fair hearing would show there is no legal basis for firing her.","type":"paragraph"},{"content":"\"As President, it is my job to ensure the laws are faithfully executed, including by firing subordinates who cannot be trusted to tell the ​truth and follow the law,\" Trump said in a notice on the White House website on Friday.","type":"paragraph"},{"content":"\"To assist me in carrying out that responsibility, the Committee shall investigate the allegations ​against Governor Cook and report to me whether there is 'cause' for Governor Cook’s removal,\" according to the notice, dated October 7.","type":"paragraph"},{"content":"The committee will hold a ⁠closed, in-person four-hour hearing at the White House on November 5 \"to consider the evidence and allegations against Governor Cook,\" the presidential memorandum said.","type":"paragraph"},{"content":"The hearing falls two days after elections that will determine if ​Trump's Republican Party maintains control of the House and Senate, whose members are charged with confirming presidential nominees to the Fed. A successful removal of Cook would create a vacancy on the Fed's seven-member ​Board.","type":"paragraph"},{"content":"If the hearing is \"anything close to objective, the conclusion will be that Governor Cook did not commit mortgage fraud, leaving no cause to remove her from the Federal Reserve Board,\" Cook's lawyers Abbe Lowell and Norm Eisen said in a statement. \"Governor Cook welcomes the opportunity to present the facts so she can clear her name and demonstrate there is no legal basis to fire her.”","type":"paragraph"},{"content":"They said they had engaged with the White House about the process.","type":"paragraph"},{"content":"Trump first tried ​to fire Cook, the first Black woman to serve on the central bank's board, in August 2025. No president has ever tried to fire a sitting Fed governor before. Central banks are widely ​seen as needing political independence to ensure their ability to fight inflation as needed.","type":"paragraph"},{"level":1,"content":"SUPREME COURT RULING ON FED REMOVAL","type":"header"},{"content":"Cook sued, saying she had done nothing wrong. The case led to the US Supreme Court <a href=\"https://www.reuters.com/world/us-supreme-court-rejects-trumps-unprecedented-bid-fire-feds-cook-2026-06-29/\">ruling</a> earlier this year that ‌the president ⁠could not remove a Fed governor at will, and needed to follow a clear process laying out a 'cause' for firing and allowing for a defense.","type":"paragraph"},{"content":"The ruling left Cook in her position but kicked the case against her back to a federal district court, where Judge Kia Cobb last month set a November 6 deadline for Trump's and Cook's lawyers to submit a joint proposal for the proceedings.","type":"paragraph"},{"content":"Cook was appointed to the Fed board in 2022 by former President Joe Biden, a Democrat, and was reappointed in 2023 to a term that lasts until 2038. She has always cast her vote with the majority ​on the Fed's policy-making committee, which last month ​raised interest rates under the leadership of Kevin ⁠Warsh, whom Trump appointed to succeed Jerome Powell in May.","type":"paragraph"},{"content":"\"Trump appears to believe that the reason the Fed has turned hawkish is because his chosen chairman Warsh is boxed in by a hawkish and politically hostile Fed Board,\" Evercore ISI analyst Krishna Guha wrote. Trump's creation of the inquiry committee \"constitutes ​a re-upping of his threat to Fed independence and will be counterproductive in terms of the President’s desire for lower interest rates.\"","type":"paragraph"},{"content":"Trump's chief economic ​policy advisor Kevin Hassett, Equal ⁠Employment Opportunity Commission chair Andrea Lucas, and acting Office of Government Ethics director Keith Sonderling will comprise the newly formed committee, the memorandum said. Those members, their representatives, or Department of Justice personnel will question Cook for \"no longer than four hours.\"","type":"paragraph"},{"content":"The committee will make its recommendation to Trump on whether he has cause to remove Cook \"as soon as practicable\" after a November 10 deadline for Cook to submit any post-hearing statement, the ⁠memo said.","type":"paragraph"},{"content":"Senator ​Elizabeth Warren, the top Democrat on the Senate Banking Committee that oversees the Fed, called the hearing a \"kangaroo court\" and ​part of Trump's \"dangerous quest to illegally take over our nation’s central bank.\"","type":"paragraph"},{"content":"Trump has contended Powell, who has remained at the Fed as governor, may have engaged in financial misconduct related to the Fed's building renovations, an allegation that sparked a now-closed Department ​of Justice criminal investigation and was rejected last month by an independent watchdog 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Nothing happens. But we're changing that. You see that. In fact, we're giving a man the death penalty who killed 14 soldiers a couple of years ago  Death penalty through a firing squad. And he deserves it. Killed and wounded many, many people, a maniac. To execute someone, to deliver the death penalty is already, is already wrong in any understanding of human rights. It's the biggest way in which you can deliver cruel and inhuman treatment. It's a violation of the right to life. So in every way, the death penalty is wrong. But to consider that you would, that the US would then do that as a public execution, so to create some kind of theater around the state taking away someone's life is barbaric and deeply shocking. And obviously it would be deeply disturbing if that was shared more widely. It would be deeply disturbing. So I would really encourage anyone, any platform and broadcaster, absolutely they must not share it. It is barbaric, it is creating theater out of the death penalty. 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