Politics · United States · 2 days ago
Trump orders new review of Lisa Cook’s possible dismissal from the Fed
US President Donald Trump has started a new process to try to remove Lisa Cook from the Federal Reserve’s board.
A commission he appointed will examine allegations that Cook gave false information when applying for loans on homes in Michigan and Georgia in 2021.
Cook denies fraud, and her lawyer says an entry for the Georgia property was a mistake; other loan documents reportedly list it as a second home.
The commission is due to question Cook at a private White House hearing on November 5.
She can provide evidence and statements with a lawyer, and can submit further written comments by November 10.
The Supreme Court stopped Trump’s earlier attempt in June, saying Cook needed a chance to respond and that removing Fed board members faces high legal hurdles.
The commission will then advise Trump whether it believes there are legal grounds for dismissal, in a dispute that raises questions about the Federal Reserve’s independence from political pressure.
US President Donald Trump has launched a new review of whether Federal Reserve director Lisa Cook can be dismissed.
A commission appointed by Trump will investigate allegations that Cook gave false information on mortgage applications and advise whether there are legal grounds to remove her.
Cook is due to appear at a private White House hearing on November 5 and may submit a written response by November 10.
Trump alleges that Cook listed two properties in Michigan and Georgia as primary residences in 2021; she denies committing fraud.
The Supreme Court previously stopped Trump’s effort to dismiss Cook, saying she should first have a chance to respond to the allegations.
- Who
- US President Donald Trump and Federal Reserve director Lisa Cook.
- What
- A Trump-appointed commission will review allegations about Cook’s mortgage applications and advise whether there are legal grounds to dismiss her.
- When
- The new review was reported on October 9, 2026. A private hearing is scheduled for November 5, with a written response due by November 10.
- Where
- The hearing is scheduled to take place at the White House. The properties involved are in Michigan and Georgia.
- Why
- Trump alleges Cook gave false information on mortgage applications. Cook denies committing fraud.
Donald Trump
Lisa Cook
Mortgage applications
Donald Trump
Trump alleges Cook listed two properties as primary residences in 2021, potentially enabling more favourable loan terms.
Lisa Cook
Cook denies committing fraud; her lawyer said the Georgia entry was unintentional, and other loan documents listed it as a second residence.
Dismissal
Donald Trump
Trump is seeking to remove Cook and has asked a commission to assess whether there are legal grounds.
Lisa Cook
Cook is contesting the fraud allegation; the Supreme Court said she should have an opportunity to respond before dismissal.
No direct quotes in the coverage so far.
Trump attempted to dismiss Cook.
The Supreme Court stopped Trump’s dismissal attempt, saying Cook should first have an opportunity to respond.
Reports described a new review by a commission appointed by Trump.
A private hearing for Cook is scheduled at the White House.
Cook may submit a further written response by this date.
- Commission
- Appointed by Donald Trump to examine the allegations and advise on legal grounds for dismissal
- Hearing
- November 5, at the White House
- Written response
- Cook may submit one by November 10
- Properties
- Two homes in Michigan and Georgia
- Alleged mortgage statements
- Trump says both properties were listed as primary residences in 2021
Sources
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