Trump Announces White House Inquiry Into Fed Governor Lisa Cook

President Trump said on Friday that the White House had formed a committee to investigate Lisa D. Cook, a Federal Reserve governor, and would hold a hearing to consider whether to fire her over unproven accusations that she committed mortgage fraud.

The “committee of inquiry” will look into claims that Ms. Cook made “false statements in connection with one or more mortgage instruments,” the White House said in a statement. The hearing, which called for Ms. Cook’s attendance, was scheduled for Nov. 5.

Mr. Trump asked the committee to report back on whether there were grounds for “Governor Cook’s removal” from office. While Ms. Cook was first accused by the White House of mortgage fraud more than a year ago, she has not been charged with any crime.

In a statement on Friday, lawyers for Ms. Cook said they had “grave doubts that this ‘hearing’ is a legitimate one that would conform to the law.”

Article source: https://www.nytimes.com/2026/10/09/business/trump-lisa-cook-fed.html