By The Epoch Times | Created at 2026-10-09 15:21:45 | Updated at 2026-10-09 16:09:14
55 minutes ago
Federal Reserve Board of Governors member Lisa Cook listens during an open meeting of the Board of Governors at the Federal Reserve in Washington on June 25, 2025. Mark Schiefelbein /AP Photo
President Donald Trump on Oct. 9 announced a new committee to investigate whether a Federal Reserve governor made false statements.
The committee will probe allegations that Lisa Cook offered false information in connection with at least one mortgage instrument, Trump said in a presidential memorandum establishing the panel.
Depending on the findings, there may be cause to remove Cook, Trump said.
Kevin Hassett, an adviser to Trump; Keith Sonderling, acting director of the U.S. Office of Government Ethics; and Andrea Lucas, chair of the U.S. Equal Employment Opportunity Commission, are members of the committee.
An in-person hearing to consider evidence in the case will take place on Nov. 5 at the White House, according to the memorandum. Cook was invited to submit a written statement regarding the allegations and can appear at the hearing if she wishes.
Trump tried firing Cook in 2025. The Supreme Court in June said the firing could not happen because she was not provided notice and an opportunity to respond before being terminated.
Trump resumed efforts to oust Cook in August. A White House letter obtained by The Epoch Times informed Cook that Trump was considering removing her from the Federal Reserve Board “due to there being sufficient reason to believe that you made false statements on one or more mortgage agreements.”
Cook has called the allegations baseless, and her lawyers have said there is no valid cause for her removal.
This is a developing story that will be updated.
