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

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.

Her statement must be received by the committee at least three days ahead of the hearing, which will unfold at the White House and will last no more than four hours, according to a notice dated Wednesday, Oct. 7, 2026, but released on Friday by the Trump administration.

The hearing will be closed to the public but will be transcribed.

The White House said it expects Cook to submit another written statement after the hearing, after which the committee will make a recommendation to Trump on whether there is adequate cause to remove her from her post.

The White House revisited its effort to fire Cook in August, sending her a letter informing her that Trump was once again considering terminating her.

This time, Cook was given 21 days to respond. Her attorneys submitted a letter to the White House on Aug. 26 denying that she had committed mortgage fraud.

The White House alleged that Cook claimed homes in Atlanta and Michigan as her primary residence on separate mortgage agreements and later rented out the Atlanta property.

Cook's attorney said the Atlanta designation was an inadvertent mistake, arguing that she sought financing for it as a vacation home and consistently identified Michigan as her "primary" or "permanent" residence.