President Donald Trump has taken a new step to remove Federal Reserve Governor Lisa Cook. On Friday, he established a committee of inquiry to examine allegations against Cook, accusing her of making false statements in mortgage applications. This announcement came in a written memo from Trump, outlining a hearing at the White House scheduled for November 5. Cook is expected to attend and respond to the committee’s questions.
This move comes in the wake of a Supreme Court decision in June, which allowed Cook to retain her position. The ruling emphasized that Cook had the right to receive notice and the chance to address the accusations against her. Despite these developments, Cook remains firm in her denial of any misconduct, and she has not faced any criminal charges.