Fed Member's Lawyer Questions White House Probe Fairness

Federal Reserve board member Lisa Cook's legal team has raised concerns about the fairness of a White House probe into her conduct. In a letter dated October 13, attorney Abbe Lowell questioned the objectivity of the committee formed to review allegations against Cook, citing potential bias among its members. One proposed member, Kevin Hassett, a White House economic policy adviser, had previously criticized Cook for refusing to step down from her position, suggesting she lacked independence. Lowell argued that Hassett's past comments indicate a pre-judgment of the case, undermining the probe's credibility. The White House has scheduled a November 5 in-person hearing with Cook, but she will be unavailable due to commitments in Europe. Her earliest availability is after the Fed's December policy meeting, according to her legal team. The Supreme Court previously blocked Trump's attempt to fire Cook, emphasizing the need for a fair process. The White House is now following a path that includes a hearing and evidence review, as outlined by the court. The committee includes experts in economics, employment law, and government ethics, with Cook allowed to present her case and evidence.