Trump Orders November 5 Probe of Fed's Cook as Supreme Court Rebuffed Earlier Firing Bid
Updated
Updated · Mother Jones · Oct 9
Trump Orders November 5 Probe of Fed's Cook as Supreme Court Rebuffed Earlier Firing Bid
3 articles · Updated · Mother Jones · Oct 9
Summary
A White House committee will question Fed Governor Lisa Cook on November 5 over mortgage-fraud allegations Trump says could justify removing her from the central bank's board.
The renewed push comes after the Supreme Court in June rejected Trump's earlier attempt to fire Cook, though it did not bar him from trying again through a different process.
The allegations trace to 2025 claims by FHFA chief Bill Pulte that Cook listed two homes as primary residences, but later loan documents indicated the issue was likely a clerical error and no criminal case followed.
Pulte's handling of Cook's mortgage data is itself under scrutiny by the GAO and reportedly the FHFA inspector general, while similar application errors were found in records tied to Trump and cabinet officials.
The fight marks the first presidential effort in more than a century to remove a sitting Fed governor and underscores Trump's drive to pressure an independent central bank as rates stay high before the midterms.