Trump sets up committee to investigate, potentially remove the Fed's Lisa Cook

Live updates

1. 1h ago

   Trump Forms Committee to Investigate Federal Reserve Governor Lisa Cook

   President Donald Trump has established a White House committee to investigate Federal Reserve Governor Lisa Cook, launching a fresh effort to potentially remove her from office. The inquiry focuses on allegations that Cook made false statements on mortgage documents tied to her primary residence, claims she denies. The newly formed panel of presidential appointees scheduled a White House hearing for Nov. 5, which Trump stated Cook shall attend. This move marks the latest escalation in the administration's ongoing battle against federal officials.

   Why it matters

   The dispute centers on presidential authority over independent federal agencies like the Federal Reserve, which are designed to operate free from political interference. Past legal battles have set strict thresholds for removing central bank governors before their terms expire. The investigation raises new questions about executive pressure on monetary policymakers.

   What is confirmed

   • President Donald Trump established a White House committee to investigate Federal Reserve Governor Lisa Cook.
   • The investigation examines allegations that Cook made false statements on mortgage documents related to her primary residence.
   • Lisa Cook denies the allegations regarding the mortgage documents.
   • The inquiry scheduled a White House hearing for Nov. 5.

   Still unconfirmed

   • The committee's creation is part of a broader presidential revenge tour targeting political enemies.

   What to watch next

   • The Nov. 5 White House hearing involving Lisa Cook
   • Any legal challenges or responses from Lisa Cook regarding the committee's jurisdiction
   • Potential actions by the committee regarding Cook's removal
   Sources used for this update (19)

   1. The New York Times — Trump Announces White House Inquiry Into Fed Governor Cook
   2. AP News — Live updates: Trump establishes committee to investigate Fed's Lisa Cook in latest effort to fire her
   3. Bloomberg.com — White House Forms Committee to Probe Federal Reserve’s Cook
   4. www.ksat.com — The Latest: Trump establishes committee to investigate Fed’s Lisa Cook in latest effort to fire her
   5. Politico — Trump sets up committee to investigate, potentially remove the Fed's Lisa Cook
   6. CNBC — Trump created a committee to dig into the Fed's Lisa Cook. What is it and what comes next?
   7. www.cnn.com — Trump launches new effort to oust Fed Governor Lisa Cook - CNN
   8. www.inquirer.com — WHAT IS JOHN FETTERMAN DOING?
   9. www.onenewspage.com — Lisa Cook Fed Investigation
   10. www.clickorlando.com — The Latest: Trump establishes committee to investigate Fed’s Lisa Cook in latest effort to fire her
   11. digg.com — Trump establishes committee inquiry into Fed Governor Lisa Cook over mortgage allegations · Digg
   12. www.newsbreak.com — Bracing for the midterms, Trump says he will be blamed if Republicans lose - NewsBreak
   confidence 95%