Trump establishes committee to investigate Fed governor Lisa Cook
US president renews his efforts to oust Cook despite supreme court ruling that her firing was unconstitutional Donald Trump announced on Friday that he is establishing a committee to investigate Lisa Cook, the US Federal Reserve governor, over allegations that she committed mortgage fraud, renewing his efforts to oust her despite a June supreme court ruling that her earlier firing was…
President Trump has created a committee to investigate allegations that Lisa Cook, a member of the Federal Reserve Board of Governors, made false statements on mortgage documents. The committee, comprised of the assistant to the president for economic policy, chair of the Equal Employment Opportunity Commission, and head of the Office of Government Ethics, will hold an in-person hearing at the White House on November 5 to consider the evidence and allegations against Cook.
Cook has the opportunity to submit a written position statement and can appear at the proceeding. Her lawyers have expressed doubts about the legitimacy of the hearing and believe that there is no legal basis to fire her.
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