Federal Reserve Governor Lisa Cook’s legal team has accused the White House-appointed investigative committee of being "demonstrably biased," questioning the fairness of its probe into allegations against her. While her lawyers expressed skepticism about the panel’s impartiality, they stopped short of ruling out her participation in the proceedings. The criticism comes as the committee examines claims that could have significant implications for her role at the central bank. The response underscores the high-stakes nature of the inquiry and the potential fallout for Cook’s position.
Federal Reserve governor Lisa Cook's lawyers say that a committee set up by the White House last week to investigate an accusation against her is "demonstrably biased," though they did not close the door on the possibility that she would appear before the panel.