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Trump sets up committee to probe Fed governor Lisa Cook, hearing set for Nov. 5

Trump created a "committee of inquiry" on Friday to examine mortgage-fraud allegations against Fed governor Lisa Cook, with an in-person hearing set for Nov. 5.

Posted Updated (10 min ago)

President Donald Trump established a "committee of inquiry" on Friday to investigate whether Federal Reserve governor Lisa Cook made false statements in connection with mortgage instruments, according to The Hill. The committee will hold an in-person hearing on Nov. 5.

The Guardian reports the committee will consult Justice Department officials to decide whether there is "cause" to remove her. It says the hearing will be closed to the public but transcribed and published. Cook can submit a written statement with her own evidence. She will be examined by White House counsel and her own lawyers, The Guardian reports.

The New York Times describes the fraud claims against Cook as unsubstantiated. CBS News and NBC News call the move part of Trump's renewed effort to fire her.

The Guardian says the Supreme Court ruled in June that her earlier firing was unconstitutional. CNBC reports the court blocked Trump's first attempt to fire her. Cook was nominated by former President Joe Biden, CNBC notes. Al Jazeera says Trump began efforts to remove her in 2025 and litigation is ongoing.

Reported by

  1. CNBCTrump appoints committee to investigate statements by the Fed's Lisa CookFri, Oct 9, 10:11 AM EDT
  2. NBC NewsTrump establishes panel to probe Fed governor Lisa Cook in latest attempt to fire herFri, Oct 9, 10:25 AM EDT
  3. The New York TimesTrump Announces White House Inquiry into Fed Governor CookFri, Oct 9, 10:34 AM EDT
  4. The HillTrump establishes 'committee of inquiry' for Federal Reserve member Lisa CookFri, Oct 9, 11:19 AM EDT
  5. The GuardianTrump establishes committee to investigate Fed governor Lisa CookFri, Oct 9, 11:39 AM EDT
  6. CBS NewsTrump creates committee to investigate Fed's Lisa CookFri, Oct 9, 11:39 AM EDT
  7. Al JazeeraTrump launches probe into Federal Reserve Governor Lisa CookFri, Oct 9, 12:01 PM EDT

This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.

Earlier versions (2)
  1. Fri, Oct 9, 10:55 AM EDT, 3 outlets: Trump says White House will investigate Fed governor Lisa Cook, hold hearing next month
  2. Fri, Oct 9, 10:35 AM EDT, 2 outlets: Trump sets up committee to investigate Fed governor Lisa Cook