Politics · October 9, 2026
Trump establishes committee to investigate Fed governor Lisa Cook
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Neutral Summary
President Donald Trump has announced the formation of a committee to investigate Federal Reserve Governor Lisa Cook regarding allegations of mortgage fraud. This move follows a June Supreme Court ruling that found Trump's initial attempt to fire Cook unconstitutional due to a lack of due process. The new committee will conduct a hearing on November 5 to determine if 'cause' exists for her removal, allowing Cook to submit evidence and participate via legal counsel. The investigation occurs amidst broader tensions between the White House and the Federal Reserve over interest rate policies and institutional independence.
President Donald Trump has announced the formation of a committee to investigate Federal Reserve Governor Lisa Cook regarding allegations of mortgage fraud. This move follows a June Supreme Court ruling that found Trump's initial attempt to fire Cook unconstitutional due to a lack of due process. The new committee will conduct a hearing on November 5 to determine if 'cause' exists for her removal, allowing Cook to submit evidence and participate via legal counsel. The investigation occurs amidst broader tensions between the White House and the Federal Reserve over interest rate policies and institutional independence.