US president renews his efforts to oust Cook despite supreme court ruling that her firing was unconstitutional

Donald Trump announced on Friday that he is establishing a committee to investigate Lisa Cook, the US Federal Reserve governor, over allegations that she committed mortgage fraud, renewing his efforts to oust her despite a June supreme court ruling that her earlier firing was unconstitutional.

Trump said a committee will consult with justice department officials to decide whether there is “cause” for her removal. The White House will hold an in-person hearing on 5 November to consider the allegations against Cook, which will be closed to the public but transcribed and published. Cook will be able to submit a written statement to present her own evidence and will be subject to examination from White House and her own legal counsel.

New report on economic cost of anti-immigration campaign projects 8.6% reduction in retirement payments by 2034

Elderly Americans can expect to lose an average of $2,152 in annual social security benefits each, a projected 8.6% reduction in their retirement payments, by 2034 and every year after as a direct consequence of the economic fallout from the Trump administration’s anti-immigration campaign, if that carries on, according to a new report shared exclusively with the Guardian.

Already, US food prices are up, housing permits to build new homes are down – and even native-born Americans are losing out on potential jobs after the sudden exodus of 1.2 million foreign-born workers over the last two years as a result of Donald Trump’s policies, the report finds.