White House investigates Fed Member Lisa Cook

US President Donald Trump established an investigation committee to examine allegations that US Federal Reserve (Fed) Board Member Lisa Cook made false statements in one or more mortgage documents.

In the statement made by the White House, it was stated that the committee will include the Assistant to the President for Economic Policy, the Chairman of the Equal Employment Opportunity Commission and the Director of the Office of Government Ethics.

The committee will examine the allegations against Cook and submit a report to Trump on whether there is a "just cause" that would require his dismissal.

The session, where the allegations and evidence about Cook will be discussed, is planned to be held at the White House on November 5.

The minutes of the session, which will be closed to the public, will be recorded.

Cook will be able to submit his written defense, which he will prepare after the session, to the committee until November 10.

After evaluating Cook's written statement, the committee will present its findings of events and legal analysis to Trump as soon as possible. It will also make a recommendation on whether there is "just cause" for Cook's removal from the Fed Board of Governors.

Trump's attempt to dismiss Cook was taken to court

US President Trump shared the letter he sent to Cook on his social media account last year, arguing that there was "just cause" for his dismissal, and announced that he immediately dismissed Cook.

Cook filed a lawsuit to prevent Trump's impeachment decision from being implemented.

Washington District Judge Jia Cobb temporarily halted Cook's suspension, ruling that the "mortgage fraud" allegations against Cook did not constitute sufficient grounds for his dismissal.

The Trump administration objected to the decision in question and appealed to the Court of Appeals to stop the execution of the lower court's decision.

Receiving a negative response from the Court of Appeals, the Trump administration took the case to the Supreme Court and requested the stay of the lower court decision preventing Cook's dismissal.

The case was discussed in the Supreme Court in January and the judges heard the defenses of the parties.

In its decision in June, the US Supreme Court ruled that Cook could continue his duty throughout the trial process.