WASHINGTON —

The Justice Department has begun examining mortgage fraud allegations against Lisa Cook, the Federal Reserve governor who is challenging a Trump administration effort to remove her from her job in a move she says is designed to erode the central bank's independence.

Investigators have issued subpoenas as part of an inquiry into Cook that was spawned by a criminal referral from the country's top housing regulator, according to a person familiar with the matter who was not authorized to discuss the probe and spoke on condition of anonymity to The Associated Press. Latest Forecast

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A Justice Department spokesperson declined to comment on the inquiry, which was earlier reported by The Wall Street

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