Archive · 9 Oct 2026
Trump Forms Committee to Probe Fed Governor Lisa Cook
President Donald Trump has created a committee to look into claims about Federal Reserve Governor Lisa Cook and mortgage paperwork.
The committee will consider whether there is enough reason to remove her from her job.
It plans to hold a private, in-person hearing on November 5, 2026.
A transcript of the hearing will be published.
Cook can send in a written statement, show evidence and answer questions for up to four hours.
Her lawyers say she did not commit mortgage fraud and that there is no legal basis to fire her.
The Supreme Court previously let her stay in her job because the required process had not been followed.
The new inquiry is part of the administration’s renewed effort to remove her.
President Donald Trump established a committee to examine mortgage-related allegations against Federal Reserve Governor Lisa Cook.
The committee is to consult Justice Department officials and advise Trump whether there is sufficient cause to remove Cook.
A closed, in-person hearing is scheduled for November 5, 2026; a transcript will be published.
Cook may submit a written statement, present evidence and be questioned for up to four hours; her lawyers deny the allegations.
The move renews Trump’s effort to remove Cook after the Supreme Court blocked an earlier attempt over procedural grounds.
- Who
- President Donald Trump, Federal Reserve Governor Lisa Cook, and a committee established by Trump.
- What
- The committee will examine allegations against Cook and advise whether there is sufficient cause to remove her.
- When
- The hearing is scheduled for November 5, 2026; the White House published its notice on Friday, dated two days earlier.
- Where
- The hearing will be held in person at the White House; the articles do not specify a room or other precise location.
- Why
- The administration says the committee will assess whether there is sufficient cause to remove Cook; the move renews Trump’s effort to oust her.
Trump administration
Cook and her legal team
Mortgage allegations
Trump administration
Trump has accused Cook of mortgage fraud, and the committee will examine the evidence and allegations.
Cook and her legal team
Cook’s lawyers deny the allegations, say they concern unrelated clerical errors, and argue there is no legal basis to remove her.
Removal process
Trump administration
The administration is renewing its effort to remove Cook and says the committee will assess whether sufficient cause exists.
Cook and her legal team
Cook is challenging the administration’s actions in court; her lawyers say she welcomes the chance to present facts and clear her name.
Federal Reserve independence
Trump administration
Trump has repeatedly pressed the Federal Reserve to cut interest rates and has challenged its decisions.
Cook and her legal team
The articles describe concerns that the administration’s actions could increase political influence over the central bank; Cook’s individual position on this broader issue is not stated.
- Committee established by
- President Donald Trump
- Subject
- Federal Reserve Governor Lisa Cook
- Allegations
- Mortgage fraud and alleged false statements related to mortgages
- Hearing date
- November 5, 2026
- Hearing format
- Closed, in-person hearing; transcript to be published
- Cook’s opportunity to respond
- She may submit a written statement, present evidence and be questioned for up to four hours
- Earlier removal attempt
- The Supreme Court allowed Cook to remain in office and ruled the earlier attempt unconstitutional because required procedures were not followed
- Properties cited
- Two properties in Georgia and Michigan; Trump also accused Cook of failing to report rental income from an Atlanta property
