Lisa Cook's Attorney Challenges Fairness Of White House Probe

What happened: Federal Reserve board member Lisa Cook's attorney questioned the fairness of a White House probe after President Donald Trump announced a committee to investigate whether Cook made false statements. Key numbers: White House proposed a Nov. 5 in-person hearing. Cook is unavailable until after the Fed's Dec. 8 and Dec. 9 policy meeting. Why it matters: Lowell said proposed committee member Kevin Hassett had prejudged the case, and that the process does not respect the Fed's independence. Trump said he would fire Cook if the committee recommends it. Coverage: 3 outlets in 24h

Federal Reserve board member Lisa Cook's attorney questioned the fairness of a White House probe after President Donald Trump announced a committee to investigate whether Cook made false statements.

Lowell said proposed committee member Kevin Hassett had prejudged the case, and that the process does not respect the Fed's independence. Trump said he would fire Cook if the committee recommends it.