Katie Zacharia is set to become White House press secretary, following Karoline Leavitt’s departure, as reported by multiple sources. The appointment comes amid heightened political scrutiny and potential market reactions.
Zacharia, a senior communications adviser for Truth Social and Trump Media & Technology Group, was considered a 1% chance of the role before the announcement. Suspicious bets on her appointment were investigated by Kalshi, a prediction market firm, raising concerns about the selection process.
The White House is conducting an inquiry into allegations against Federal Reserve Governor Lisa Cook, with a closed hearing planned to assess the validity of claims against her. The investigation follows a Supreme Court ruling that limits presidential authority over Fed governors.
Cook’s legal team asserts there is no legal basis for her removal, emphasizing the need for a fair hearing. The case highlights the tension between presidential authority and the independence of central banks.