{"id":12950,"date":"2026-10-09T14:39:36","date_gmt":"2026-10-09T18:39:36","guid":{"rendered":"https:\/\/greatamericanewsdesk.com\/?p=12950"},"modified":"2026-10-09T14:39:36","modified_gmt":"2026-10-09T18:39:36","slug":"trump-opens-new-probe-into-lisa-cook-orders-white-house-hearing","status":"publish","type":"post","link":"https:\/\/greatamericanewsdesk.com\/news\/trump-opens-new-probe-into-lisa-cook-orders-white-house-hearing\/njackson\/2026\/10\/","title":{"rendered":"Trump Opens New Probe Into Lisa Cook, Orders White House Hearing"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">President Donald Trump is taking another run at removing Federal Reserve Governor Lisa Cook, creating a committee to investigate alleged false statements on mortgage documents and ordering a White House hearing two days after the midterm elections.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The presidential memorandum, dated October 7 and released Friday, directs the panel to determine whether the allegations provide legal grounds to remove Cook. She has denied wrongdoing and successfully challenged Trump\u2019s earlier dismissal attempt. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">A November 5 Showdown<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The hearing is scheduled for November 5, will last no more than four hours and will be closed to the public, according to the <a href=\"https:\/\/www.whitehouse.gov\/presidential-actions\/2026\/10\/establishment-of-a-committee-of-inquiry-to-investigate-allegations-of-false-statements-by-lisa-denell-cook\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener\">White House memo<\/a>. A transcript will be made.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Trump framed the inquiry as a matter of accountability, saying his responsibilities include firing \u201csubordinates who cannot be trusted to tell the truth and follow the law.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The committee consists of White House economic adviser Kevin Hassett, Equal Employment Opportunity Commission Chair Andrea Lucas and acting Office of Government Ethics Director Keith Sonderling, <a href=\"https:\/\/abcnews.com\/Politics\/trump-announces-committee-investigate-federal-reserves-lisa-cook\/story?id=137133554&amp;utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener\">ABC News reported<\/a>. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The memo directs Cook to appear for questioning and requires the panel to provide her with the evidence beforehand. She may present arguments, written evidence and witness statements, and submit a final written response by November 10. The committee will then recommend whether grounds exist for her removal.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The Mortgage Allegations<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The dispute began in August 2025, when then-Federal Housing Finance Agency Director Bill Pulte accused Cook of mortgage fraud and Trump sought to fire her.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to <a href=\"https:\/\/finance.yahoo.com\/news\/fed-governor-lisa-cook-plans-lawsuit-to-challenge-trumps-decision-to-oust-her-over-mortgage-applications-012537722.html?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener\">Yahoo Finance\u2019s reporting<\/a> on Trump\u2019s dismissal letter, the president alleged that Cook had identified a Michigan property as her primary residence and then made the same representation about a Georgia property in a separate agreement two weeks later.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cook denied wrongdoing and sued to block her removal. The allegations remain disputed. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pulte continued pressing the case publicly. During a May appearance on CNBC, he predicted Cook would eventually face an indictment regardless of the Supreme Court\u2019s decision, according to <a href=\"https:\/\/www.mediaite.com\/media\/news\/trump-creates-committee-to-probe-fed-reserve-governor-lisa-cook-for-mortgage-fraud\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener\">Mediaite<\/a>. That was Pulte\u2019s prediction, rather than an announced charging decision. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What the Supreme Court Actually Ruled<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Supreme Court rejected Trump\u2019s effort to immediately remove Cook in June, leaving an injunction protecting her position in place while litigation continued.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The ruling did not establish a blanket prohibition on removing Federal Reserve governors. Federal law allows removal for cause, and the court concluded that Cook was entitled to notice and an opportunity to respond before being dismissed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The justices resolved the application on the narrower ground that the administration had failed to provide the required procedural protections. They also made clear that a president\u2019s determination of cause is subject to judicial review, according to the <a href=\"https:\/\/www.supremecourt.gov\/opinions\/25pdf\/25a312_5468.pdf?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener\">court\u2019s opinion<\/a>. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Cook\u2019s Lawyers Push Back<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Cook\u2019s legal team questioned whether the new process would provide a fair hearing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Her lawyers told <a href=\"https:\/\/www.axios.com\/2026\/10\/09\/trump-fed-lisa-cook?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener\">Axios<\/a> they had \u201cgrave doubts that this &#8216;hearing&#8217; is a legitimate one that would conform to the law,\u201d citing Trump\u2019s previous statements that he had already decided to fire her. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The committee\u2019s recommendation will put the removal question back before Trump. Whether the new process satisfies the court\u2019s requirements\u2014and whether the allegations justify dismissal\u2014remain unresolved.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump is taking another run at removing Federal Reserve Governor Lisa Cook, creating a committee to investigate alleged false statements on mortgage documents and ordering a White House hearing two days after the midterm elections. The presidential memorandum, dated October 7 and released Friday, directs the panel to determine whether the allegations provide [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[26],"tags":[1883,1851,15],"class_list":["post-12950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-federal-reserve-board","tag-lisa-cook","tag-trump-administration"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump Opens New Probe Into Lisa Cook, Orders White House Hearing - Great America News Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/greatamericanewsdesk.com\/news\/trump-opens-new-probe-into-lisa-cook-orders-white-house-hearing\/njackson\/2026\/10\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Opens New Probe Into Lisa Cook, Orders White House Hearing - Great America News Desk\" \/>\n<meta property=\"og:description\" content=\"President Donald Trump is taking another run at removing Federal Reserve Governor Lisa Cook, creating a committee to investigate alleged false statements on mortgage documents and ordering a White House hearing two days after the midterm elections. 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