Politics · October 9, 2026
Trump launches new investigation into Fed Gov. Lisa Cook
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President Donald Trump has established a committee to investigate Federal Reserve Governor Lisa Cook to determine if there is legal cause for her removal. The investigation centers on allegations of mortgage fraud, specifically that Cook improperly listed multiple properties as primary residences and failed to report rental income. This move follows a June Supreme Court ruling that found Trump's initial attempt to fire Cook was unconstitutional due to a lack of due process. A closed White House hearing is scheduled for November 5, where Cook will be permitted to present evidence and testimony to contest the allegations.
President Donald Trump has established a committee to investigate Federal Reserve Governor Lisa Cook to determine if there is legal cause for her removal. The investigation centers on allegations of mortgage fraud, specifically that Cook improperly listed multiple properties as primary residences and failed to report rental income. This move follows a June Supreme Court ruling that found Trump's initial attempt to fire Cook was unconstitutional due to a lack of due process. A closed White House hearing is scheduled for November 5, where Cook will be permitted to present evidence and testimony to contest the allegations.