Trump Creates Committee to Investigate Federal Reserve Governor Lisa Cook
Trump created a committee to investigate Federal Reserve governor Lisa Cook. Former President Joe Biden nominated her for the job.
The Guardian reported that Trump announced the committee on Friday. The move came amid mortgage fraud claims.
The committee will look into alleged false statements on mortgage applications. Trump said the panel would consult with Justice Department officials.
He also said the White House would investigate the mortgage fraud claims. They have not been proven.
A hearing alongside that inquiry is set for November 5. Cook is expected to attend.
Cook's lawyers questioned whether the hearing could be fair. They said Trump repeatedly signaled he had already decided to fire her.
The committee was described as a renewed effort to remove Cook. It came after the Supreme Court blocked Trump's attempt to fire Cook. A June ruling said her earlier firing went against the Constitution.
Key Terms 3
- Federal Reserve The central bank of the United States that sets interest rates.
- mortgage fraud Lying on home loan papers to get money.
- Justice Department The part of the United States government that enforces federal laws.