Trump Announces White House Inquiry Into Fed Governor Lisa Cook

President Donald Trump has established a White House committee to investigate Federal Reserve Governor Lisa Cook regarding allegations of mortgage fraud. This move follows a Supreme Court ruling that previously blocked Cook's removal but allowed for a new process provided she is given an opportunity to dispute the claims. The committee, which includes officials from the EEOC and the Office of Government Ethics, is scheduled to hold a hearing in November. The allegations, initially brought by FHFA Director Bill Pulte, concern whether Cook improperly claimed primary residence status on multiple properties. Cook's legal team maintains the issue was an 'inadvertent error' and argues the probe is a politically motivated attempt to influence the Federal Reserve.

President Donald Trump has established a White House committee to investigate Federal Reserve Governor Lisa Cook regarding allegations of mortgage fraud. This move follows a Supreme Court ruling that previously blocked Cook's removal but allowed for a new process provided she is given an opportunity to dispute the claims. The committee, which includes officials from the EEOC and the Office of Government Ethics, is scheduled to hold a hearing in November. The allegations, initially brought by FHFA Director Bill Pulte, concern whether Cook improperly claimed primary residence status on multiple properties. Cook's legal team maintains the issue was an 'inadvertent error' and argues the probe is a politically motivated attempt to influence the Federal Reserve.