Geopolitical events
On October 17, 2026, U.S. President Donald Trump summoned Federal Reserve Governor Lisa Cook to appear at a White House hearing scheduled for November 5, 2026, marking an escalation in his administration's protracted campaign to dismiss her from the central bank's Board of Governors. The move intensifies legal and macroeconomic friction surrounding central bank independence, following a Supreme Court ruling that allowed Cook to remain in office while her constitutional challenge proceeds. The dispute originated in August 2025 over allegations regarding mortgage application disclosures, which Cook has denied. Cook's legal representation stated that official travel obligations will preclude her attendance at the November 5 session.