CNBC3 hours agoPolitics1 min read

Trump appoints committee to investigate statements by the Fed's Lisa Cook

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President Donald Trump has launched a formal committee of inquiry to investigate allegations that Federal Reserve Governor Lisa Cook provided false statements regarding mortgage instruments, marking a new step in his effort to remove her from the board.

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Why It Matters

President Trump has been engaged in a long-running effort to remove Lisa Cook, who was a nominee of former President Joe Biden, from the Federal Reserve Board.

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President Donald Trump formally established a "committee of inquiry" to investigate allegations that Federal Reserve Governor Lisa Cook made false statements related to "one or more mortgage instruments," the White House announced Friday.

The extraordinary announcement is the latest development in Trump's long-running effort to fire Cook, a nominee of former President Joe Biden, from the central bank's board.

Open Questions

What are the specific details of the alleged false statements?
What is the composition of the committee of inquiry?

Trump appoints committee to investigate statements by the Fed's Lisa Cook

Quick Look

AI-generated summary

Why It Matters

President Trump has been engaged in a long-running effort to remove Lisa Cook, who was a nominee of former President Joe Biden, from the Federal Reserve Board.

Font size

The extraordinary announcement is the latest development in Trump's long-running effort to fire Cook, a nominee of former President Joe Biden, from the central bank's board.

Open Questions

What are the specific details of the alleged false statements?
What is the composition of the committee of inquiry?

Trump appoints committee to investigate statements by the Fed's Lisa Cook

Quick Look

Why It Matters

Open Questions

Related Topics

Trump appoints committee to investigate statements by the Fed's Lisa Cook

Quick Look

Why It Matters

Open Questions

Related Topics

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