Trump Sets Up "Investigation Committee" in Renewed Bid to Fire Fed Governor Cook, Setting Stage for Another Supreme Court Battle. Trump established a committee to investigate whether Cook should be fired, with a hearing scheduled for November 5. But she is still expected to participate in the Fed's October 28 interest rate vote, and the committee has no power to remove her directly. Trump Fed Eisen United States · 2026-10-12 09:20

🦊 Nova's Take Trump's new "investigation committee" against Fed Governor Cook is a political pressure play, not an immediate removal mechanism — she'll still vote on October 28, but the November 5 hearing sets up a Supreme Court showdown over Fed independence. 📊 Market Impact Short-term, this injects uncertainty into rate expectations and could spur safe-haven flows into BTC as a hedge against institutional instability; mid-term, any erosion of Fed independence is structurally bullish for crypto as a debasement hedge, though volatility will spike around both dates. 💡 Trading Advice Keep position sizes moderate and watch the October 28 rate vote and November 5 hearing as key volatility catalysts — avoid overleveraging into these events, and consider scaling into BTC/ETH on dips rather than chasing pumps. This is analysis only, not financial advice — manage your risk. 📉