By Elisabeth Buchwald, CNN
(CNN) — President Donald Trump is doubling down on efforts to oust Federal Reserve Governor Lisa Cook, forming a “committee of inquiry” centered around alleged false statements she made “in connection with one or more mortgage instruments,” according to a statement released by the White House on Friday.
It’s the latest salvo in Trump’s ongoing attempts to reshape the makeup of the central bank and comes just weeks ahead of the Fed’s next monetary policy meeting. Last month, officials voted unanimously to raise interest rates, something Trump has been squarely against.
This is a developing story and will be updated.
The-CNN-Wire
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