Trump forms closed committee to investigate Fed Governor Lisa Cook

The panel will hold a closed hearing on Nov. 5 to examine mortgage fraud allegations against Cook, the latest step in Trump's bid to remove her

US president renews his efforts to oust Cook despite supreme court ruling that her firing was unconstitutionalDonald 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. Continue reading...

Trump began efforts to remove Cook as one of the governors on the US Fed Reserve Board in 2025 and litigation is on.

The committee is investigating Lisa Cook over allegations of mortgage fraud, which she denies.

President Trump established a committee to look into allegations that Fed Governor Lisa Cook made false statements on mortgage documents, the latest step in his renewed effort to fire her.

Fed governor’s attorneys have ‘grave doubts’ about legitimacy of White House investigation

President Donald Trump is still going after Federal Reserve Commissioner Lisa Cook. In a presidential memo Wednesday, Trump announced that he’d set up a committee to oversee an investigation into whether Cook had made false statements in connection to one or more mortgage agreements.“As President, it is my job to ensure the laws are faithfully executed, including by firing subordinates who cannot be trusted to tell the truth and follow the law,” he wrote. Of course, Cook isn’t really Trump’s subordinate. In June, the Supreme Court blocked Cook’s removal, finding that the government had not afforded her due process. The ruling temporarily preserved the Federal Reserve’s independence.But that hasn’t stopped Trump from trying to oust Cook. In August, White House deputy chief of staff Dan Scavino informed her that the Trump administration was once again “considering” removing her from her position. It’s been more than a year since Trump first claimed that Cook—the first Black woman on the Federal Reserve board—had committed mortgage fraud by having two primary residences. Cook refused to step down and sued, stating that “President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so.”Notably, Trump’s own mortgage agreements appear to match the same criteria his Department of Justice has used to go after Cook, as well as Trump’s other perceived enemies, former Democratic Representative Eric Swalwell, Senator Adam Schiff, and New York Attorney General Letitia James. Trump said the new committee will meet next month to “consider the evidence and allegations against Governor Cook.” Cook has not been charged with any crime.

President Trump established a committee Friday to investigate whether Federal Reserve board of governors member Lisa Cook “made false statements in connection with one or more mortgage instruments.” The “committee of inquiry” will hold an in-person hearing next month to consider the allegations and evidence against her. It is scheduled for Nov. 5. “As President,...

President Donald Trump has formed a committee to investigate Federal Reserve governor Lisa Cook over alleged mortgage fraud, an escalation after his previous effort to fire Cook was blocked by the Supreme Court. A White House memo said the group will look into whether Cook made “false statements in connection with one or more mortgage […]

President Trump is setting up a special committee to investigate whether Fed Governor Lisa Cook lied about a mortgage application.

President Trump said the White House would investigate unsubstantiated claims that Lisa D. Cook committed mortgage fraud and hold a hearing next month.

Trump’s extraordinary demand that Cook testify before the committee will likely renew concerns about threats to the Federal Reserve's independence as the president demands the central bank cut its key interest rate.

President Trump has created a “committee of inquiry” to investigate allegations that Federal Reserve Governor Lisa Cook made false statements after the White House accused her of mortgage fraud.

President Donald Trump established a committee to investigate Fed governor Lisa Cook, in his latest attempt to fire her.

Trump tried to fire Cook, a nominee of former President Joe Biden, but the Supreme Court blocked his first attempt.

President Donald Trump is establishing a committee to investigate mortgage fraud allegations against Federal Reserve Governor Lisa Cook and is forcing her to appear at a White House hearing to defend herself, a dramatic escalation in his efforts to oust her from her role.

Move comes after Supreme Court in June rebuffed the president’s attempt to sack central banker