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PoliticsActive today · day 5

Trump sets up White House committee to investigate Fed's Lisa Cook

A new "committee of inquiry" will probe mortgage-fraud allegations against Fed Governor Lisa Cook and hold a closed-door hearing Nov. 5, Trump's latest bid to remove her.

newest coverage 2h agosummary written 4d ago133 pieces44 likes & upvotes4 comments NewswiresMastodonRedditXYouTubeGoogle News

What to know

  • Trump's memo, dated Oct. 7, orders a committee to investigate mortgage-fraud allegations against Cook and determine whether there is 'cause' for her removal.
  • A closed-door White House hearing is set for Nov. 5; Cook is required to attend, though a transcript will later be published.
  • The move follows a June Supreme Court ruling that blocked Trump's first attempt to fire Cook but left open the possibility of a properly noticed second attempt.
  • The escalation comes as Trump presses the Fed to cut rates after it instead raised its key rate unanimously in September under Chairman Kevin Warsh, renewing concerns about central bank independence.

“To assist me in carrying out that responsibility, the Committee shall investigate the allegations against Governor Cook and report to me whether there is 'cause' for Governor Cook's removal.”

Donald Trump, U.S. President · NY Post ↗ · Oct 6

Donald TrumpDonald Trump U.S. PresidentLisa CookLisa Cook Federal Reserve GovernorBill PulteBill Pulte Director, Federal Housing Finance AgencyKevin WarshKevin Warsh Federal Reserve Chairman (Trump appointee)

Trump sets up White House committee to investigate Fed's Lisa Cook
Philadelphia Inquirer

How it unfolded 1 development · click the chart to see its coverage articlesvideospostscomments

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Oct 10Oct 11Oct 12yesterdaynow · 1:48 AM ET
  1. 1

    News outlets report the committee and a Nov. 5 hearing

    Multiple outlets reported the committee's formation and that the inquiry includes a White House hearing on Nov. 5 that Cook must attend; the hearing will not be public but a transcript will be published.

    “As President, it is my job to ensure the laws are faithfully executed, including by firing subordinates who cannot be trusted to tell the truth and follow the law…”
    — Donald Trump, U.S. President · source
    1. 28 outlets Donald Trump launches committee to investigate Fed governor Lisa Cook

      first by FT, 4d ago · also NBC News, NY Post, Washington Times, Philadelphia Inquirer, CBS News, Mediaite +21

      30 more headlines
    2. 19 outlets Pres. Donald Trump establishes committee to investigate Federal Reserve’s Lisa Cook in latest effort to fire her

      first by Chicago Tribune, 4d ago · also The Hill, Financial Times, The Gateway Pundit, Associated Press, The Times of India, Al Jazeera +12

      12 more headlines
    1 more claim →

    • Trump has created a commission to evaluate the mortgage fraud allegations made against Fed Governor Lisa Cook and has scheduled an in-person hearing at the White House on Nov. 5.

      @unusual_whalesX4d ago13▲view on X ↗
    2 more of the top 3 · 16 posts in this stretch
    • chrisgeidner

      BREAKING: Continuing to go after Federal Reserve Governor Lisa Cook — and the independence of the Federal Reserve — following last term’s Supreme Court case, President Donald Trump on Friday established a Trump-appointed “committee of inquiry” to look into Cook, with a hearing set for November 5. https:// substack.com/@chrisgeidner/not…

      chrisgeidnerMastodon4d ago11▲view on Mastodon ↗

    • Need to use the justice system to get appropriate convictions on so many in Trump's staff (and him). Just because one party is corrupt for 12 years doesnt mean its a political witch hunt to hold them responsible. Its part of draining the swamp orange man built.

      Drak_is_Rightr/Economics4d agoview on r/Economics ↗
    all of them →
  2. background

    Trump signs memo creating a 'committee of inquiry' on Cook — Trump signed a memorandum directing a committee to investigate allegations that Cook made false statements on mortgage instruments and report back on whether there is cause for her removal; it was shared on White House social media Oct. 9.

  3. background

    Fed raises rates unanimously, including Cook's vote — The Fed, led by Trump-appointed Chairman Kevin Warsh, raised its key interest rate instead of cutting it; the vote included Cook and was unanimous, fueling Trump's frustration with the central bank.

  4. background

    Supreme Court blocks Trump's bid to remove Cook — The Supreme Court ruled Cook could keep her job but included a footnote saying nothing prevented Trump from trying again if she received proper notice and a chance to respond to charges.

  5. background

    Trump first tries to fire Cook over mortgage fraud claims — Trump attempted to remove Cook after FHFA Director Bill Pulte accused her of committing mortgage fraud.

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