Trump establishes panel to probe Fed governor Lisa Cook in latest attempt to fire her

Live updates

1. 58m ago

   Trump Establishes White House Committee to Probe Fed Governor Lisa Cook

   President Donald Trump has ordered the creation of a White House committee to investigate Federal Reserve Governor Lisa Cook over allegations of mortgage fraud. The probe focuses on whether Cook made false statements on documents related to her primary residence. This investigation represents the latest effort by the president to remove Cook from her position. White House spokesman Matthew Middleton defended the move as the president performing his "constitutional duty," while Cook's legal counsel has expressed doubts regarding the fairness of the committee.

   Why it matters

   Lisa Cook is the first Black woman to serve on the Federal Reserve Board of Governors and was nominated by former President Joe Biden. Trump previously attempted to fire Cook, but a June Supreme Court ruling blocked that effort and allowed her to remain in office.

   What is confirmed

   • President Donald Trump established a White House committee to investigate Federal Reserve Governor Lisa Cook.
   • The investigation centers on allegations that Cook made false statements on mortgage documents for her primary residence.
   • The Supreme Court blocked a previous attempt by Trump to fire Cook in June.
   • White House spokesman Matthew Middleton stated Trump is performing his "constitutional duty."

   Still unconfirmed

   • The timing of the committee suggests White House confidence in the upcoming midterm election outcome.
   • The investigation is a revenge plot following a Supreme Court defeat.

   What to watch next

   • Findings from the committee regarding Cook's mortgage statements
   • Further legal challenges to the committee's authority
   • Any formal action by the president to terminate Cook based on the probe's results
   Sources used for this update (25)

   1. finance.yahoo.com — Yahoo Finance - Stock Market Live, Quotes, Business & Finance News
   2. www.cnbc.com — Stock Markets, Business News, Financials, Earnings - CNBC
   3. The New York Times — Trump Announces White House Inquiry Into Fed Governor Cook
   4. AP News — Live updates: Trump establishes committee to investigate Fed's Lisa Cook in latest effort to fire her
   5. Axios — Trump orders new investigation of Fed's Lisa Cook
   6. Bloomberg.com — White House Forms Committee to Probe Federal Reserve’s Cook
   7. NBC News — Trump establishes panel to probe Fed governor Lisa Cook in latest attempt to fire her
   8. The Daily Beast — Trump Hatches New Revenge Plot After Supreme Court Defeat
   9. Yahoo — Trump establishes committee to investigate Federal Reserve's Lisa Cook in latest effort to fire her
   10. Yahoo — Trump Launches New Investigation into Fed Gov. Lisa Cook Over Mortgage Fraud Allegations
   11. CNN — Trump launches new effort to oust Fed Governor Lisa Cook
   12. CNBC — Trump appoints committee to investigate statements by the Fed's Lisa Cook
   confidence 95%