Politics · United States · 2 days ago
Trump creates committee to investigate allegations against Fed governor Lisa Cook
President Donald Trump has created a three-member committee to investigate allegations that Federal Reserve Governor Lisa Cook made false statements on mortgage documents.
The allegations concern properties in Atlanta and Michigan, and Cook’s lawyers deny that she committed mortgage fraud.
Trump tried to remove Cook last year, but the Supreme Court ruled in June that she could remain in office while her legal challenge continued because she had not received proper notice and a chance to respond.
The committee includes the president’s economic policy adviser, the chair of the Equal Employment Opportunity Commission and the director of the Office of Government Ethics.
Cook can submit a written response and present evidence at a closed, transcribed White House hearing scheduled for Nov.
5.
She can also send the committee a written statement after the hearing by Nov.
10.
The committee will then recommend to Trump whether there is cause to remove her from the Federal Reserve Board.
President Donald Trump has created a committee to investigate allegations that Federal Reserve Governor Lisa Cook made false statements on mortgage documents.
The committee will report to Trump on whether there is cause to remove Cook from the Federal Reserve Board.
A hearing is scheduled for Nov. 5 at the White House and will be closed to the public but transcribed.
Cook’s lawyers say she welcomes the chance to present facts but question whether the process can be objective.
The move follows a Supreme Court ruling that Cook could remain in her post while her legal challenge to her removal continued.
- Who
- President Donald Trump created the committee to investigate Federal Reserve Governor Lisa Cook.
- What
- The committee will examine allegations that Cook made false statements on mortgage documents and recommend whether there is cause to remove her.
- When
- The committee was created in a memorandum dated Wednesday, Oct. 7, 2026. A hearing is scheduled for Nov. 5.
- Where
- The hearing will take place at the White House in Washington.
- Why
- The committee is examining allegations Trump has cited in seeking to remove Cook from the Federal Reserve Board.
Trump administration
Lisa Cook and her lawyers
Allegations
Trump administration
The administration is investigating claims that Cook made false statements on mortgage documents.
Lisa Cook and her lawyers
Cook’s lawyers say she did not commit mortgage fraud and that there is no legal basis to remove her.
Fairness of the process
Trump administration
The administration has established a committee and hearing to consider the evidence and allegations.
Lisa Cook and her lawyers
Cook’s lawyers question whether the hearing can be legitimate or objective, given Trump’s statements that he has already decided to fire her.
welcomes the opportunity to present the facts so she can clear her name and demonstrate there is no legal basis to fire her.
That is not to say that a Federal Reserve Governor is entitled to an audience with the President or a fullblown judicial trial.
Instead, all that is required is notice 'to the officer of the charges made against him' and 'an opportunity to be heard in his defense.'
Trump first attempted to remove Cook after an administration official accused her of making false statements on mortgage documents.
Trump attempted to remove Cook, prompting her to challenge the action in court.
The Supreme Court ruled that Cook could continue serving while her legal challenge proceeded.
Trump signed a memorandum creating a committee to investigate the allegations against Cook.
The committee is scheduled to hold a closed hearing at the White House.
Cook may submit a written statement after the hearing by this date, according to the Bloomberg HT and Dünya reports.
- Committee size
- Three members
- Hearing date
- Nov. 5, 2026
- Hearing location
- White House
- Hearing format
- Closed to the public and transcribed
- Cook’s post-hearing statement deadline
- Nov. 10, 2026 according to Bloomberg HT and Dünya
- Supreme Court ruling
- 5-4 decision in June 2026 that Cook could remain in office while her legal challenge continued
Sources
Can Trump Fire Fed Governor Lisa Cook?
Trump sets up committee to investigate Fed Governor Lisa Cook over mortgage fraud allegations
Beyaz Saray'dan Fed Üyesi Lisa Cook'a soruşturma
Trump'tan Lisa Cook için yeni hamle: Soruşturma komitesi kuruldu
Trump, Fed Yönetim Kurulu Üyesi Cook'u soruşturmak için komitesi kurdu
Trump Announces White House Inquiry Into Fed Governor Lisa Cook
Trump creates committee to investigate Fed's Lisa Cook
MELDUNGEN WIRTSCHAFT - Trump setzt Ausschuss zur Untersuchung von Fed-Gouverneurin Lisa Cook ein
Donald Trump: Ausschuss soll Eignung von Fed-Direktorin Lisa Cook prüfen
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