Politics · October 9, 2026
Trump announces committee to investigate Federal Reserve’s Lisa Cook
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Neutral Summary
President Donald Trump has established a three-person 'committee of inquiry' to investigate Federal Reserve Governor Lisa Cook regarding allegations of mortgage fraud. This follows a June 2026 Supreme Court ruling that blocked the President's initial attempt to fire Cook, with the Court stating she must be given the opportunity to respond to the charges. The committee, which includes Kevin Hassett, Andrea Lucas, and Keith Sonderling, will hold a closed-door hearing on November 5, 2026, where Cook and her legal counsel can present evidence and arguments. The panel will ultimately recommend to the President whether there is 'cause' for her removal.
President Donald Trump has established a three-person 'committee of inquiry' to investigate Federal Reserve Governor Lisa Cook regarding allegations of mortgage fraud. This follows a June 2026 Supreme Court ruling that blocked the President's initial attempt to fire Cook, with the Court stating she must be given the opportunity to respond to the charges. The committee, which includes Kevin Hassett, Andrea Lucas, and Keith Sonderling, will hold a closed-door hearing on November 5, 2026, where Cook and her legal counsel can present evidence and arguments. The panel will ultimately recommend to the President whether there is 'cause' for her removal.