President Trump Establishes Committee to Investigate Federal Reserve Governor Lisa Cook
In Washington, President Trump has established a committee to investigate Federal Reserve Governor Lisa Cook regarding alleged false statements in mortgage applications, a move aimed at her removal.
Odessa Midland, TX, October 9, 2026 — A committee has been established in Washington to investigate Federal Reserve Governor Lisa Cook. The investigation, initiated by President Trump, centers on allegations of false statements made in mortgage applications. The stated aim of this committee is to examine these allegations, which could lead to Governor Cook’s removal from her position.
The specific details regarding the timeline of the alleged false statements, the nature of the mortgage applications involved, and the precise findings or evidence presented to President Trump were not immediately available.
Similarly, information concerning the composition of the investigative committee, its designated powers, and the expected duration of its review has not been publicly disclosed. The process for removal of a Federal Reserve Governor typically involves specific legal and procedural steps.
Governor Lisa Cook was appointed to the Federal Reserve Board of Governors in 2022. Prior to her tenure at the Federal Reserve, her professional background included roles as a professor of economics and finance.
The investigation marks a significant development concerning a member of the Federal Reserve’s leadership. Further details regarding the committee’s proceedings and any potential outcomes are expected to emerge as the investigation progresses.
Story summarized from the original created by CHRISTOPHER RUGABER, Associated Press on www.yourbasin.com, see more information here.
Media gallery
