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White House creates committee of inquiry on Federal Reserve Governor Lisa Cook

Official document: Federal Register — presidential document (opens in a new tab)

Last updated Oct 15, 1:28 PM ET

The gist

A presidential memorandum established a three-member committee of inquiry to investigate mortgage-related allegations involving Federal Reserve Governor Lisa D. Cook.
The panel is directed to conduct a closed hearing on November 5, 2026, and determine whether legal cause exists for her removal from the Federal Reserve Board of Governors.

Next: In-person hearing Nov 5

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Claims so far

5 Confirmed

ConfirmedBacked by an official document, the subject on record, or two independent outlets.
DisputedCredible sources disagree about it.
DeniedThe subject has denied it on the record.
ReportedReported by a credible source, but not yet independently confirmed.
UnverifiedStill unclear: Only anonymous or attributed sources so far.
CorrectedA source published a correction.

All5Confirmed5

What’s confirmed5

Confirmed
A presidential memorandum established a committee of inquiry to investigate allegations that Federal Reserve Governor Lisa D. Cook made false statements regarding mortgage instruments.
Why: An official presidential memorandum published in the Federal Register created the committee.
- Federal Register · supports
  “I hereby establish a committee of inquiry (Committee) to investigate allegations that Federal Reserve Governor Lisa D. Cook made false statements in connection with one or more mortgage instruments.”
  open Federal Register article (opens in a new tab)
Checked Oct 15, 1:28 PM ET
LabeledConfirmedOct 15
An official presidential memorandum published in the Federal Register created the committee.
Confirmed
The memorandum names the Assistant to the President for Economic Policy, the Chairman of the Equal Employment Opportunity Commission, and the Director of the Office of Government Ethics as committee members.
Why: The published presidential memorandum specifies the membership of the panel.
- Federal Register · supports
  “The Assistant to the President for Economic Policy, the Chairman of the Equal Employment Opportunity Commission, and the Director of the Office of Government Ethics shall serve as members of the Committee.”
  open Federal Register article (opens in a new tab)
Checked Oct 15, 1:28 PM ET
LabeledConfirmedOct 15
The published presidential memorandum specifies the membership of the panel.
Confirmed
The memorandum directs the committee to examine the allegations and report whether cause exists to remove Cook under 12 U.S.C. 242.
Why: The official document defines the scope and legal standard of the committee's mandate.
- Federal Register · supports
  “the Committee shall investigate the allegations against Governor Cook and report to me whether there is ``cause'' for Governor Cook's removal within the meaning of 12 U.S.C. 242, as construed in Trump v. Cook, 146 S. Ct. 2234 (2026).”
  open Federal Register article (opens in a new tab)
Checked Oct 15, 1:28 PM ET
LabeledConfirmedOct 15
The official document defines the scope and legal standard of the committee's mandate.
Confirmed
The committee is scheduled to hold a closed, transcribed hearing at the White House on November 5, 2026, lasting no longer than four hours.
Why: The memorandum outlines the date, location, and parameters for the hearing.
- Federal Register · supports
  “The Committee shall, on November 5, 2026, conduct an in- person hearing to consider the evidence and allegations against Governor Cook. The hearing shall occur at the White House and shall last no longer than 4 hours.”
  open Federal Register article (opens in a new tab)
Checked Oct 15, 1:28 PM ET
LabeledConfirmedOct 15
The memorandum outlines the date, location, and parameters for the hearing.
Confirmed
The memorandum allows Cook to submit a written position statement at least three days before the hearing and a post-hearing statement by November 10, 2026.
Why: The procedural deadlines for written submissions are set forth in the presidential memorandum.
- Federal Register · supports
  “Governor Cook may submit a written position statement to the Committee regarding the allegations, provided the statement is received at least 3 days before the hearing.”
  open Federal Register article (opens in a new tab)
Checked Oct 15, 1:28 PM ET
LabeledConfirmedOct 15
The procedural deadlines for written submissions are set forth in the presidential memorandum.

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What’s confirmed5

A presidential memorandum established a committee of inquiry to investigate allegations that Federal Reserve Governor Lisa D. Cook made false statements regarding mortgage instruments.

The memorandum names the Assistant to the President for Economic Policy, the Chairman of the Equal Employment Opportunity Commission, and the Director of the Office of Government Ethics as committee members.

The memorandum directs the committee to examine the allegations and report whether cause exists to remove Cook under 12 U.S.C. 242.

The committee is scheduled to hold a closed, transcribed hearing at the White House on November 5, 2026, lasting no longer than four hours.

The memorandum allows Cook to submit a written position statement at least three days before the hearing and a post-hearing statement by November 10, 2026.