Trump Launches Inquiry into Federal Reserve’s Lisa Cook Amid Firing Efforts

President Trump establishes a committee to investigate Federal Reserve Governor Lisa Cook over alleged false statements in mortgage applications.

Editorial Desk

October 9, 2026 One Min Read

POLICY WIRE — Washington, D.C. — President Donald Trump has launched a new initiative to challenge the tenure of Federal Reserve Board member Lisa Cook by establishing a committee of inquiry to examine allegations that she made false statements in her mortgage applications.

The move comes after a Supreme Court ruling in June affirmed that Cook could retain her position following Trump’s attempt to remove her last year. The court determined that she was entitled to due process before any dismissal could occur.

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Cook, who has consistently denied any wrongdoing, is scheduled to appear before the committee at the White House on November 5. This development marks another step in Trump’s ongoing efforts to undermine her role within the Federal Reserve.

Reporting by Policy-Wire (PW)

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