Macro· ★★★★· neutral·

Trump launches new bid to remove Fed Governor Lisa Cook

  • —Commission will hold closed-door hearings at the White House on Nov. 5
  • —Cook may submit written arguments three days before hearings and until Nov. 10
  • —Panel includes NEC chief Hassett, EEOC chair Lucas and acting OGE head Schondling
  • —Supreme Court previously ruled 5-4 to let Cook remain in office
Why it matters: The attempt to fire a Fed governor threatens central bank independence and could shift rate expectations, with spillover into crypto markets.
Source: Blockmedia
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