Trump orders new investigation of Fed's Lisa Cook
President Donald Trump has launched a new White House inquiry into Federal Reserve Governor Lisa Cook by appointing a three-person investigative committee. The probe focuses on Cook's statements and disputed mortgage allegations. This move is described as a fresh offensive in the president's ongoing effort to oust Cook, the first Black woman to serve as a Fed governor. The investigation comes weeks before congressional elections and includes a planned closed-door hearing as part of a continuing legal battle over her removal.
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- ✓ President Donald Trump established a committee to investigate Federal Reserve Governor Lisa Cook.
- ✓ The investigative committee consists of three people.
- ✓ The inquiry focuses on disputed mortgage allegations and statements made by Cook.
- ✓ Lisa Cook is the first Black female governor of the Federal Reserve.
What changed
President Trump appointed a three-person committee to investigate Lisa Cook's statements and mortgage allegations.
Live updates
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Trump Establishes Committee to Investigate Fed Governor Lisa Cook
President Donald Trump has launched a new White House inquiry into Federal Reserve Governor Lisa Cook by appointing a three-person investigative committee. The probe focuses on Cook's statements and disputed mortgage allegations. This move is described as a fresh offensive in the president's ongoing effort to oust Cook, the first Black woman to serve as a Fed governor. The investigation comes weeks before congressional elections and includes a planned closed-door hearing as part of a continuing legal battle over her removal.
Why it matters
The Federal Reserve typically operates independently from the executive branch. Trump's attempt to remove a governor via a White House-led investigation challenges this independence. The dispute centers on Cook's professional record and statements.
What is confirmed
- President Donald Trump established a committee to investigate Federal Reserve Governor Lisa Cook.
- The investigative committee consists of three people.
- The inquiry focuses on disputed mortgage allegations and statements made by Cook.
- Lisa Cook is the first Black female governor of the Federal Reserve.
Still unconfirmed
- The White House has set a closed-door hearing as part of the legal battle over Cook's removal.
- The inquiry is also examining central bank independence.
What to watch next
- Results of the three-person committee investigation
- Outcomes of the closed-door hearing
- Legal rulings regarding the president's authority to fire a Fed governor
confidence 95%Sources used for this update (29)
- www.nytimes.com — The New York Times - Breaking News, US News, World News and Videos
- www.foxbusiness.com — Donald Trump
- www.cnbc.com — Stock Markets, Business News, Financials, Earnings - CNBC
- The New York Times — Trump Announces White House Inquiry Into Fed Governor Cook
- Axios — Trump orders new investigation of Fed's Lisa Cook
- Yahoo — Trump establishes committee to investigate Federal Reserve's Lisa Cook in latest effort to fire her
- www.ksat.com — The Latest: Trump establishes committee to investigate Fed’s Lisa Cook in latest effort to fire her
- CNN — Trump launches new effort to oust Fed Governor Lisa Cook
- CNBC — Trump appoints committee to investigate statements by the Fed's Lisa Cook
- edition.cnn.com — Trump launches new effort to oust Fed Governor Lisa Cook | CNN Business
- www.briefs.co — US patent inquiry hits Apple supplier Luxshare over data center power gear
- www.clickorlando.com — The Latest: Trump establishes committee to investigate Fed’s Lisa Cook in latest effort to fire her
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