White House sets up a committee to probe Federal Reserve governor Lisa Cook
Reuters reported on 9 October, citing the White House, that Mr Trump has launched a committee to probe Lisa Cook, a governor of the Federal Reserve. Bloomberg reported that the White House is planning a hearing. The reports we saw did not set out what the committee is investigating or when the hearing will take place.
The Fed sets U.S. interest rates, which influence borrowing costs and currencies around the world. Pressure on a governor raises doubts about the central bank's independence.
Doubts about the Fed can move the dollar and Treasury yields, which in turn affect gilts and the pound.
Look for the date of the hearing, the legal basis the White House cites, and any reaction from the Fed.
DailyDrop U.K. edition No. 6 · Morning · SAT., OCT. 10, 2026