US_ Trump Forms Committee to Probe Federal Reserve’s Lisa Cook ( Zachary Stieber - THE EPOCH TIMES )

THE EPOCH TIMES

Trump Forms Committee to Probe Federal Reserve’s Lisa Cook

The panel will probe allegedly false statements Cook made, the president said.

Federal Reserve Board of Governors member Lisa Cook listens during an open meeting of the Board of Governors at the Federal Reserve in Washington on June 25, 2025. Mark Schiefelbein /AP Photo

Zachary Stieber
Senior Reporter
10/9/2026|Updated: 10/9/2026

President Donald Trump on Oct. 9 announced a new committee to investigate whether a Federal Reserve governor made false statements.

The committee will probe allegations that Lisa Cook, governor of the Federal Reserve, offered false information in connection with at least one mortgage instrument, Trump said in a presidential memorandum establishing the panel.

The Federal Reserve is the country’s central banking system. Cook, 62, was appointed as its governor in 2022 and confirmed by the Senate.

Depending on the findings, there may be cause to remove Cook, Trump said.

Kevin Hassett, an adviser to Trump; Keith Sonderling, acting director of the U.S. Office of Government Ethics; and Andrea Lucas, chair of the U.S. Equal Employment Opportunity Commission, are members of the committee.

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READ MORE: https://www.theepochtimes.com/us/trump-forms-committee-to-probe-federal-reserves-lisa-cook-6101657?ea_src=frontpage&ea_med=section-2

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