The United States Department of Justice (DOJ) has formally requested an emergency court ruling to remove Lisa Cook from her position on the Federal Reserve Board. The request stems from concerns regarding potential conflicts of interest and a perceived lack of impartiality in Cook’s voting record. The DOJ argues that Cook’s past involvement with a company that benefits from Fed policy could compromise her objectivity. The court is expected to consider this request, potentially impacting the Board’s decision-making process. The legal basis for the request is currently being evaluated by the court.
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