Trump announces committee to investigate Federal Reserve’s Lisa Cook
Cook is being scrutinized for mortgage fraud allegations, which she denies.
Federal Reserve Governor Lisa Cook faces allegations of mortgage fraud, which she denies. President Donald Trump has ordered a committee to investigate these allegations and hold a hearing at the White House next month. The committee, composed of three members—Kevin Hassett, Andrea Lucas, and Keith Sonderling—will hear Cook's response and legal counsel, if any.
Trump's memo directs the panel to provide written findings and recommendations regarding whether there is cause to remove Cook from her position. Cook's attorneys dispute the legitimacy of the hearing, claiming it is a box-checking exercise without a genuine chance for her to clear her name.
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