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Latest News · CBS News · Fox News · October 9, 2026

Trump finds newest way to go after Lisa Cook with investigative ‘committee’ despite Supreme Court ruling

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The Independent and CBS News report that President Donald Trump has created a committee of inquiry to examine claims that Federal Reserve Governor Lisa Cook made false statements on mortgage paperwork. The step revives his effort to remove her, which the Supreme Court halted in June by a 5-4 vote because she had not received proper notice and a chance to answer the allegations. Cook has not been charged with any wrongdoing, The Independent notes, according to CBS News · Fox News.

According to CBS News, the three-member panel consists of the president's top economic policy aide, the Equal Employment Opportunity Commission chair and the director of the Office of Government Ethics. It will advise Trump whether grounds exist to dismiss her, after a private but transcribed White House hearing on Nov. 5. CBS News says the allegations originated with Bill Pulte. A third account adds that National Economic Council director Kevin Hassett sits on the panel.

Her attorneys, Abbe Lowell and Norm Eisen, doubt the process is lawful given Trump's earlier statements, yet say she wants to present the facts. The Independent adds that Trump has pushed the Fed to lower rates, and that last month it raised them instead.

Summarized by PolitiKool from CBS News · Fox News, CBS News and Fox News’s reporting. Read the full story at CBS News · Fox News → Also at CBS News → Also at Fox News →