Trump sets up committee to investigate, potentially remove the Fed's Lisa Cook
The three-member panel will review mortgage-fraud allegations and report whether there is cause to remove Cook, with a closed-door hearing set for Nov. 5.
- On Friday, President Donald Trump established a "committee of inquiry" to investigate whether Federal Reserve Governor Lisa Cook made "false statements in connection with one or more mortgage instruments," the White House announced.
- This move marks the latest escalation in Trump's prolonged effort to remove Cook, a nominee of former President Joe Biden, from the central bank's board after the Supreme Court previously blocked his attempt for lacking due process.
- The committee "shall investigate the allegations against Governor Cook and report to me whether there is 'cause' for Governor Cook's removal," Trump wrote in a memo, claiming he must fire subordinates who "cannot be trusted to tell the truth."
- Following an inspector general finding, the Justice Department will not reopen a criminal investigation into Federal Reserve renovations, an avenue previously considered to remove former Chair Jerome Powell from the central bank.
- Trump has persistently sought to remove Cook from her post while simultaneously pursuing an ill-fated push to force the Federal Reserve to lower interest rates, continuing his ongoing conflict with the central bank.
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131 Articles
Trump, who frequently urges the Federal Reserve to lower interest rates, recently stated that the refusal of its president, Kevin Warsh, to do so is due to a "hostile" board of directors.
Trump Escalates Effort to Oust Federal Reserve Governor Lisa Cook, Launches Investigation Into Allegations of Mortgage Fraud * The Gateway Pundit * by Cristina Laila
President Trump is escalating his effort to oust embattled Federal Reserve Governor Lisa Cook over allegations of mortgage fraud.
Trump establishes committee to investigate Federal Reserve’s Lisa Cook in latest effort to fire her - WXXV News 25
Federal Reserve Board of Governors member Lisa Cook leaves the Supreme Court in Washington, Jan. 21, 2026. (AP Photo/Mark Schiefelbein, File)By CHRISTOPHER RUGABER WASHINGTON (AP) — President Donald Trump opened another chapter in his effort to fire Federal Reserve Governor Lisa Cook Friday by establishing a “committee of inquiry” to investigate allegations that she made false statements in mortgage applications....
U.S. President Donald Trump set up a commission to review the board member of the Lisa Cook Federal Reserve after the Supreme Court dismissed his attempts to dismiss her.
Trump sets up committee to investigate Lisa Cook despite Supreme Court intervention against previous firing attempts
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