Trump sets up committee to investigate Fed Governor Lisa Cook over mortgage fraud allegations

President Donald Trump has set up a committee to investigate Federal Reserve Governor Lisa Cook over allegations she made false statements on mortgage documents, the same accusations Trump has cited for over a year in a bid to remove her from office.

Trump attempted to remove Cook in August 2025, triggering a lengthy legal battle that culminated in the Supreme Court blocking her firing in June 2026. In a 5-4 ruling, the court ruled she had not been given adequate time to respond to the allegations against her.