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Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
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Recently, the U.S. Department of Justice publicly stated that they have received a criminal investigation document involving The Federal Reserve Board of Governors member Cook. This document has been referred by other departments and is currently receiving high attention and serious handling.
This news has caused quite a stir in the financial world. The Fed, as the core institution controlling the lifeblood of the American economy, has always drawn attention to its Board of Governors members, as every word and action can significantly impact the global economy. Now, the involvement of a Board member in a criminal investigation is undoubtedly a very serious matter.
The Ministry of Justice stated that it will give the utmost attention to this matter, which means they are likely to have begun organizing special forces to delve into the content of the investigative materials to determine whether there is conclusive evidence supporting potential illegal activities. As is customary, such investigations are usually conducted in confidentiality, making it difficult for outsiders to know the specific details.
It is worth noting that although investigations involving high-ranking officials are not unprecedented in the United States, each instance attracts widespread attention. Whether it concerns economic issues such as corruption and bribery, insider trading, or abuse of power and complex interests, they can all become the focus of investigations. For Governor Cook, this is undoubtedly a significant professional crisis that could have far-reaching effects on his future.
Currently, all sectors are closely watching the next steps of the Department of Justice. Whether it will formally file a case for a comprehensive investigation or terminate the investigation due to insufficient evidence remains unknown. Considering the broad implications and complexity that the case may involve, it is likely difficult to reach a final conclusion in the short term. We will continue to monitor the developments and bring the latest updates to our readers.