Trump launches probe into Federal Reserve Governor Lisa Cook

U.S. President Donald Trump announced the formation of a committee to investigate Federal Reserve Governor Lisa Cook, focusing on whether her alleged false statements on mortgage documents justify her removal under federal law. The three-member committee will review evidence and report to the president, with a hearing scheduled for November 5 where Cook must answer questions. Cook, appointed in 2022 by Joe Biden, has been under political pressure since accusations in 2025 of misrepresenting properties on a 2021 mortgage application, which she denied; her firing was blocked by courts, including the Supreme Court in June 2026. Trump’s efforts to remove her have been challenged legally, and she remains in office during the ongoing case.