Trump refuses to give up, sets up an investigative committee to restart the process of removing Governor Cook, putting the Fed's independence under another stress test.

Zhito Finance APP has learned that U.S. President Trump's personnel offensive surrounding the Federal Reserve Board has escalated once again. The White House issued a presidential memorandum on October 7, announcing the formation of an investigative committee and arranging a closed-door White House hearing to determine whether there is "just cause" to remove Federal Reserve Governor Lisa Cook from office. The hearing is scheduled for November 5 local time, two days after the congressional election voting ends. This move not only pushes Cook herself into a rare legal battle, but also reignites outside concerns about the Federal Reserve's independence.