Trump forms panel to probe Fed reserve governor Lisa Cook

US President Donald Trump has set up a committee to investigate Federal Reserve Governor Lisa Cook. According to the White House, the committee will examine allegations that Cook made "false statements in connection with one or more mortgage instruments."

The committee's hearing is scheduled to take place at the White House on November 5. Cook has denied wrongdoing and has not been charged with a crime. Her lawyers have questioned whether the inquiry will be fair.

The panel, which includes Kevin Hassett, Keith Sonderling, and Andrea Lucas, will report to Trump on whether there is legal "cause" to remove Cook from the Federal Reserve Board, as per a memorandum dated October 7.

Brief written by urgent.news from Punch Nigeria, Punch, CNBC, Mother Jones, Hindustan Times - World News — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.