US · Press ✓ 4 outlets
Trump sets up a committee to probe Fed governor Lisa Cook
President Trump launched a committee to investigate Federal Reserve governor Lisa Cook, the White House said (Reuters, Guardian, Al Jazeera, CBS News). The FT noted it follows the Supreme Court's refusal in June to allow her dismissal.
Pressure on a Fed governor raises questions about the central bank's independence, which markets watch closely.
Fed independence affects US rates and the dollar, and so SORA and the Singapore dollar.
Watch for any move to remove her and for the market reaction in Treasuries.
DailyDrop Singapore edition No. 6 · Morning · SAT., OCT. 10, 2026