Trump establishes investigation committee to investigate allegations about Fed Board Member Cook

According to a statement from the White House, 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 will serve as members of the committee.

The committee will investigate the allegations against Cook and submit a report to Trump on whether there is "just cause" for his dismissal.

The session where the evidence and allegations about Cook will be evaluated will be held at the White House on November 5.

The session will be closed to the public but will be recorded in the minutes.

Cook will be able to submit his written statement after the hearing to the committee until November 10.

The committee will convey its findings of fact and legal assessments to Trump as soon as possible after receiving the statement in question, and will make a recommendation on whether there is a "just cause" for Cook's removal from the Fed Board of Directors.

Trump's attempt to dismiss Cook was taken to court

US President Trump shared the letter he wrote to Cook on his social media account last year, stating that there was "just cause" in his letter and declaring that he immediately dismissed Cook.

Cook, on the other hand, filed a lawsuit to prevent Trump's attempt to remove him from office.

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

The Trump administration objected to this decision and appealed to the Court of Appeals to stop the lower court decision.

Receiving a rejection from the Court of Appeals, the Trump administration finally took the case to the Supreme Court and asked for the stay of the lower court decision preventing the dismissal of Fed Board Member Cook.

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

The US Supreme Court ruled in June that Cook could remain in his job during the lawsuit.