Trump renews bid to fire Fed's Cook with fresh White House inquiry

CNBC reports that Trump set up a "committee of inquiry" made up of three members, all hired by Trump for administration positions.[2]The panel and Cook are scheduled to appear for an in-person hearing at the White House on Nov. 5, two days after the midterm election[2], the outlet said.The AP, as published by the Boston Globe, reports that the hearing wouldn't be public but a transcript would be published, the memo said.[3]In the memo, Trump said "it is my job to ensure the laws are faithfully executed, including by firing subordinates who cannot be trusted to tell the truth"[1], according to Reuters.Cook's lawyers, Abbe Lowell and Norm Eisen, told CNBC they had "grave doubts that this 'hearing' is a legitimate one that would conform to the law."[2] They also said, according to CNN, that Cook "welcomes the opportunity to present the facts so she can clear her name"[4].According to the AP, the move follows a Supreme Court ruling in June that Cook could keep her job after Trump sought to fire her last year.[3] Raymond James analyst Ed Mills told CNN the ruling "did not prohibit President Trump from firing a Fed Governor, it gave him a roadmap to do it"[4]. Elizabeth Warren accused Trump of "convening an illegitimate show trial in his dangerous quest to illegally take over our nation's central bank."[2]