Donald Trump launches committee to investigate Fed governor Lisa Cook
Move comes after Supreme Court in June rebuffed president’s attempt to sack central banker
Source: Financial Times
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DW NOTE
The Supreme Court already told Trump he cannot remove Cook. Now he's launching an "investigation" — the institutional equivalent of calling the manager. This is how presidential power erodes central bank independence: not by winning the legal fight, but by making life sufficiently miserable that governors resign rather than endure the scrutiny. If Cook stays, it's a test of Fed autonomy. If she leaves, it's confirmation that independence is now conditional on executive approval.