President Donald Trump has launched a fresh effort to remove Federal Reserve Governor Lisa Cook, with the White House announcing a committee of inquiry into alleged false statements linked to mortgage documents, according to CNN.
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The move escalates Trump’s ongoing campaign to reshape the central bank’s leadership ahead of its next monetary policy meeting.
Last month, Fed officials unanimously voted to raise interest rates, a decision Trump has strongly opposed. The inquiry’s findings could influence the administration’s next steps.
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Donald Trump launches committee to investigate Fed governor Lisa Cook https://t.co/wWt2M69atg
— Financial Times (@FT) October 9, 2026
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