USA News | October 11, 2026. President Donald Trump has created a committee to investigate allegations involving Federal Reserve Governor Lisa Cook.
The November hearing
The committee is expected to hold a closed hearing at the White House on November 5. The administration says it is examining whether alleged mortgage application statements provide grounds for removal.
Cook disputes the allegations
Cook has denied wrongdoing, and her legal team says a fair review will show there is no lawful basis to dismiss her. Allegations should not be treated as proven misconduct.
Why investors are watching
The dispute goes beyond one official. It raises questions about the independence of the Federal Reserve, which makes interest-rate decisions that affect borrowing, inflation and financial markets. Courts have also examined the limits on presidential removal of Fed governors.
Source: Read the original reporting or official announcement.
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