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Market Impact: 0.2
Fed's Cook Denies Wrongdoing as Trump Revives Push to Fire Her
Source: Bloomberg
Elections & Domestic PoliticsRegulation & Legislation
Federal Reserve Governor Lisa Cook denied unproven mortgage-fraud allegations that President Donald Trump has repeated, as he weighs renewing an effort to remove her. The episode is politically contentious but does not change monetary policy directly. Likely limited market impact, though it may add cautious sentiment around Fed independence.
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