The White House announced the establishment of a committee to investigate allegations that Federal Reserve Governor Lisa Cook made false statements in one or more mortgage-related documents. The Assistant to the President for Economic Policy, Chairman of the Equal Employment Opportunity Commission, and Director of the Government Ethics Office serve as members of the Commission. The Commission may consult relevant personnel from administrative departments and agencies such as the Ministry of Justice to assist in this investigation. The Commission will hold a live hearing on November 5, 2026 to review the evidence and charges against Governor Cook. The hearing was held at the White House and lasted no more than 4 hours. Cook can submit a written statement of position to the Commission on the charges. The statement must be served at least 3 days before the hearing. Governor Cook can submit a written statement after the hearing to the Commission before November 10, 2026. After receiving this statement, the committee should submit written factual findings and legal findings to Trump as soon as possible, and recommend whether there are reasons to remove Federal Reserve Board Member Cook from office.

The White House announced the establishment of a committee to investigate allegations that Federal Reserve Governor Lisa Cook made false statements in one or more mortgage-related documents. The Assistant to the President for Economic Policy, Chairman of the Equal Employment Opportunity Commission, and Director of the Government Ethics Office serve as members of the Commission. The Commission may consult relevant personnel from administrative departments and agencies such as the Ministry of Justice to assist in this investigation. The Commission will hold a live hearing on November 5, 2026 to review the evidence and charges against Governor Cook. The hearing was held at the White House and lasted no more than 4 hours. Cook can submit a written statement of position to the Commission on the charges. The statement must be served at least 3 days before the hearing. Governor Cook can submit a written statement after the hearing to the Commission before November 10, 2026. After receiving this statement, the committee should submit written factual findings and legal findings to Trump as soon as possible, and recommend whether there are reasons to remove Federal Reserve Board Member Cook from office.