Trump establishes committee to investigate Fed Governor Lisa Cook’s mortgage fraud statements

President Trump has established a committee of inquiry to investigate Federal Reserve Governor Lisa Cook regarding allegations of mortgage fraud. The investigation aims to determine if there is legal 'cause' for her removal, a move that follows a Supreme Court ruling in June which required the administration to provide Cook with an opportunity to defend herself before taking action. The allegations, originally raised by FHFA Director Bill Pulte, concern statements Cook made on mortgage instruments. Cook has denied all wrongdoing and her legal team characterizes the investigation as a politically motivated attempt to influence Federal Reserve policy.

President Trump has established a committee of inquiry to investigate Federal Reserve Governor Lisa Cook regarding allegations of mortgage fraud. The investigation aims to determine if there is legal 'cause' for her removal, a move that follows a Supreme Court ruling in June which required the administration to provide Cook with an opportunity to defend herself before taking action. The allegations, originally raised by FHFA Director Bill Pulte, concern statements Cook made on mortgage instruments. Cook has denied all wrongdoing and her legal team characterizes the investigation as a politically motivated attempt to influence Federal Reserve policy.