Trump Forms Committee to Investigate Fed Governor Lisa Cook Over Mortgage Allegations

President Donald Trump has established a White House committee of inquiry to investigate Federal Reserve Governor Lisa Cook over allegations of mortgage fraud, scheduling a formal closed-door hearing for November 5, 2026. The move renews executive efforts to remove Cook from the central bank's Board of Governors following a June 2026 Supreme Court 5-4 ruling that blocked her initial firing due to insufficient response time. Cook's legal team has strongly denied the claims, describing paperwork discrepancies as inadvertent errors and asserting that there is no valid legal or factual basis for her removal.