Politics · October 9, 2026
Trump sets up committee to investigate Fed Governor Lisa Cook over mortgage fraud allegations
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Neutral Summary
President Donald Trump has established a three-member committee to investigate Federal Reserve Governor Lisa Cook regarding allegations of mortgage fraud. This move follows a June 2026 Supreme Court ruling that blocked Trump's previous attempt to remove her, citing a lack of due process. The committee, which includes National Economic Council Director Kevin Hassett, will hold a closed hearing on November 5, 2026. Cook is accused of misrepresenting her primary residence on loan documents for properties in Atlanta and Michigan, while her legal team maintains the errors were inadvertent and that she consistently viewed Michigan as her primary residence.
President Donald Trump has established a three-member committee to investigate Federal Reserve Governor Lisa Cook regarding allegations of mortgage fraud. This move follows a June 2026 Supreme Court ruling that blocked Trump's previous attempt to remove her, citing a lack of due process. The committee, which includes National Economic Council Director Kevin Hassett, will hold a closed hearing on November 5, 2026. Cook is accused of misrepresenting her primary residence on loan documents for properties in Atlanta and Michigan, while her legal team maintains the errors were inadvertent and that she consistently viewed Michigan as her primary residence.