Trump official signals DOJ will investigate Fed Governor Cook
CNBC Televisionยท2025-08-21 19:45
Regulatory Scrutiny - The Department of Justice (DOJ) is examining publicly available facts and a recent referral regarding a Federal Reserve board member [1] - The DOJ's examination requires further investigation into potential public corruption or its appearance [1] - The DOJ is likely to remain silent about investigations due to confidentiality purposes [3] Personnel Matters - The DOJ's letter calls on Fed Chair Powell to remove Ms Cook from the board [2] - The DOJ suggests immediate removal of Ms Cook, stating "Do it today before it is too late" [2] - The DOJ offers to answer questions to help facilitate a timely decision regarding the removal [3]