The Zhitong Finance App learned that US President Trump's personnel campaign over the Federal Reserve Board has once again escalated. The White House issued a presidential memorandum on October 7, announcing the formation of an investigation committee and arranging a closed-door White House hearing to determine whether there were “valid reasons” to dismiss Federal Reserve Governor Lisa Cook from office. The hearing is scheduled to be held on November 5, local time, two days after voting for the National Assembly election ends. This move not only pushed Cook himself into a rare legal attack, but also raised concerns about the independence of the Federal Reserve.

The Zhitong Finance App learned that US President Trump's personnel campaign over the Federal Reserve Board has once again escalated. The White House issued a presidential memorandum on October 7, announcing the formation of an investigation committee and arranging a closed-door White House hearing to determine whether there were “valid reasons” to dismiss Federal Reserve Governor Lisa Cook from office. The hearing is scheduled to be held on November 5, local time, two days after voting for the National Assembly election ends. This move not only pushed Cook himself into a rare legal attack, but also raised concerns about the independence of the Federal Reserve.