Trump establishes committee to investigate Fed governor Lisa Cook
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Donald Trump announced on Friday that he is establishing a committee to investigate Federal Reserve governor Lisa Cook over allegations of mortgage fraud, renewing his bid to remove her despite a June supreme court ruling that her earlier firing was unconstitutional. The committee will consult justice department officials on whether there is "cause" for her removal. A closed but transcribed White House hearing on 5 November will examine the claims; Cook may submit a written statement and respond through legal counsel. She was fired in August 2025 over allegedly listing two homes as primary residences and unreported rental income, which her team calls clerical errors.
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