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.
245 Articles
245 Articles
Joint Center Releases Statement Strongly Opposing Trump’s Committee of Inquiry into Federal Reserve Governor Dr. Lisa Cook
WASHINGTON D.C. — In response to President Donald Trump's committee of inquiry into Federal Reserve Governor Dr. Lisa Cook, the Joint Center for Political and Economic Studies issued the following statement strongly opposing this decision. "The Trump administration’s inquiry is the latest attempt in an ongoing effort to undermine Dr. Cook, a public servant with
NEW INVESTIGATION INTO FEDERAL RESERVE GOVERNOR
President Donald Trump renews his effort to remove Federal Reserve Governor Lisa Cook, ordering a new investigation into mortgage fraud allegations she denies. Meanwhile, Elon Musk reportedly pours more than $276 million into Republican efforts ahead of the 2026 midterms, a federal judge halts tree cutting at Washington, D.C.’s East Potomac Golf Course, and the Pentagon updates U.S. military casualty figures tied to the war on Iran. Plus, Harlem…
Black Federal Reserve member Lisa Cook under fire — again - Los Angeles Wave Newspaper Group
By Christopher Rugaber Contributing Writer WASHINGTON (AP) — President Donald Trump has opened another chapter in his effort to fire Federal Reserve Governor Lisa Cook by establishing a “committee of inquiry” to investigate allegations that she made false statements in mortgage applications. The inquiry will include a hearing at the White House Nov. 5, Trump said in a written memo, that Cook “shall” attend to answer questions from the committee.…
Trump establishes panel to probe Fed governor Lisa Cook in latest...
A Supreme Court ruling in June allowed Cook to stay in her job, but it did not bar the White House from trying to fire her again. President Donald Trump on Friday signed an order directing the attorney general and other top federal officials to establish a committee to investigate Federal Reserve governor Lisa Cook, in his latest attempt to fire her. "By the authority vested in me as President by the Constitution and the laws of the United State…
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