- The White House has redoubled its efforts to oust Fed governor Lisa Cook over mortgage fraud allegations that she has consistently denied.
- Cook is set to face an unorthodox, private hearing over the allegations.
- Fed Chair Kevin M. Warsh takes the podium for his post-meeting news conference on Wednesday and is expected to face questions on the dispute.
- The renewed removal effort creates a political quandary for Warsh because it targets one of his colleagues on the Federal Open Market Committee.
Quotes
“a renewed attempt by President Trump to fire one of Mr. Warsh’s colleagues.”
“Lisa D. Cook, a Fed governor, is set to face an unorthodox, private hearing over allegations of mortgage fraud she has consistently denied.”