DOJ Scrutiny on Fed Governor

The Department of Justice has sent a letter to Federal Reserve Chair Jerome Powell, indicating increased scrutiny of Fed Governor Lisa Cook. This communication raises concerns about Cook’s actions and their potential implications for the Federal Reserve’s integrity and operations.

Details from CNBC

CNBC’s Sara Eisen reported on the letter, highlighting the DOJ’s intention to investigate Cook’s conduct. The scrutiny reflects the ongoing tensions between regulatory bodies and the Federal Reserve, particularly in light of recent economic challenges and policy decisions.