White House Forms Committee to Probe Federal Reserve’s Cook

President Trump has established a formal committee of inquiry to investigate allegations of mortgage fraud against Federal Reserve Governor Lisa Cook. This move follows a June Supreme Court ruling that blocked an earlier attempt to fire Cook, with the court noting she was entitled to due process. The newly formed committee, which includes officials from the EEOC and the Office of Government Ethics, is scheduled to hold a hearing on November 5, 2026, to determine if there is 'cause' for her removal. Cook's legal team denies the fraud allegations, characterizing the issue as a possible clerical error and questioning the legitimacy of the White House proceedings.

President Trump has established a formal committee of inquiry to investigate allegations of mortgage fraud against Federal Reserve Governor Lisa Cook. This move follows a June Supreme Court ruling that blocked an earlier attempt to fire Cook, with the court noting she was entitled to due process. The newly formed committee, which includes officials from the EEOC and the Office of Government Ethics, is scheduled to hold a hearing on November 5, 2026, to determine if there is 'cause' for her removal. Cook's legal team denies the fraud allegations, characterizing the issue as a possible clerical error and questioning the legitimacy of the White House proceedings.