White House launches formal inquiry into Fed Governor Lisa Cook

Original summary · What happened

President Donald Trump established a specialized committee of inquiry on Friday to investigate Federal Reserve Governor Lisa Cook over allegations regarding mortgage documentation. The investigative panel consists of three administration officials: senior economic adviser Kevin Hassett, Labor Secretary and acting Office of Government Ethics head Keith Sonderling, and Equal Employment Opportunity Commission Chair Andrea Lucas. The action follows an earlier attempt to dismiss Cook in 2025 that was struck down on procedural grounds by the Supreme Court.

An administrative proceeding is scheduled at the White House on November 5, where Cook will be allowed legal representation, the ability to submit evidence, and time until November 10 to provide additional written responses. The committee is tasked with advising the president on whether legal cause exists for her dismissal from the central bank. Legal representatives for Cook have firmly denied any wrongdoing, describing the accusations as unfounded claims stemming from routine clerical errors.