Fed Chair Kevin Warsh said at the end of a press conference he does not plan to
attend a White House disciplinary hearing the administration is seeking to
schedule for next week on Fed Governor Lisa Cook. The hearing is part of
President Donald Trump’s ongoing effort to remove Cook over allegations she made
false statements on mortgage applications, the central basis for the removal
push. Trump first sought Cook’s dismissal more than a year ago; Cook sued and
the case reached the U.S. Supreme Court, which this summer ruled the president
cannot remove Fed officials without cause. Trump has formed a three-member
panel, led by his chief economic adviser, to investigate Cook and hold
evidentiary hearings.
