Trump Establishes Executive Committee to Investigate Fed Governor Lisa Cook

Original summary · What happened

President Donald Trump announced the creation of a White House committee of inquiry to investigate Federal Reserve Governor Lisa Cook over allegations concerning mortgage fraud. The panel will examine whether legal cause exists to warrant Cook's removal from the central bank's Board of Governors, following an earlier attempt by the administration that was halted by the Supreme Court on procedural grounds.

The inquiry panel comprises three administration officials: top economic advisor Kevin Hassett, Labor Secretary and acting Office of Government Ethics head Keith Sonderling, and Equal Employment Opportunity Commission Chair Andrea Lucas. An in-person hearing is scheduled for November at the White House, where Cook and her legal counsel will be permitted to present evidence and written arguments before the committee submits its formal recommendation to the president.