The Department of Justice has opened mortgage fraud investigations into Cook and other Trump adversaries.
The Department of Justice (DOJ) has reportedly opened a criminal investigation into Federal Reserve governor Lisa Cook, sparking accusations that the Trump administration is using DOJ to go after the president’s adversaries.
In August, President Donald Trump took the unprecedented move of attempting to fire Cook from the Federal Reserve Board, alleging that she had committed mortgage fraud. Cook, who is the first Black woman to serve on the Board, refused to step down and sued the president, arguing that he does not have the authority to fire her.
No president has ever fired a member of the Federal Reserve Board, which was established more than 100 years ago and is instrumental in setting interest rates.
