Trump establishes committee to recommend whether to remove Fed Governor Lisa Cook

  • President Donald Trump formed a committee to investigate allegations against Federal Reserve Governor Lisa Cook.
  • The panel will question Cook at a closed White House hearing on Nov. 5, with a transcript published.
  • The Supreme Court blocked Trump's initial removal attempt after Cook denied wrongdoing.

President Donald Trump has resumed efforts to remove Federal Reserve Governor Lisa D. Cook by forming a three-member committee to investigate allegations that she made false statements in 2021 mortgage applications. A memorandum requires Cook to appear at a closed White House hearing on Nov. 5, with a transcript to be published. Cook denies wrongdoing and says the allegations are part of a baseless effort to force her from office. The inquiry follows the Supreme Court's rejection of Trump's initial attempt to remove her, while leaving open a renewed effort if she received proper notice and an opportunity to respond. The campaign has intensified as Trump continues seeking greater influence over Federal Reserve policy and has renewed attacks on former Fed Chair Jerome Powell, who remains on the Board of Governors after his leadership term ended in May.

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