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President Trump created a committee to investigate Federal Reserve Governor Lisa Cook, continuing his effort to remove her from the Fed board following a related Supreme Court ruling. The move raises questions about central bank independence and could have implications for Fed Chair Jerome Powell and the future direction of interest rate policy. The push against Cook is part of a broader pattern of pressure from the administration on the Federal Reserve's leadership and autonomy, with market participants watching closely for any effects on monetary policy credibility and rate-setting decisions.