From The Straits Times · · 1m 10s
Trump Targets Fed Governor Cook for Removal
Trump opens White House inquiry to fire Fed Governor Lisa Cook before elections.
In brief
Trump opens White House inquiry to fire Fed Governor Lisa Cook before elections. Trump launched a White House hearing to investigate Fed Governor Lisa Cook over alleged mortgage fraud, seeking her removal before congressional elections. Originally reported by The Straits Times.
Trump opens White House inquiry
Trump launched a new White House inquiry into Fed Governor Lisa Cook weeks before congressional elections.
Cook faces removal hearing
The committee will hold a closed hearing on Nov 5 to investigate allegations of false mortgage statements.
Cook's legal defense
Cook's lawyers say there is no legal basis to remove her and she did not commit mortgage fraud.
Supreme Court ruling
A Supreme Court ruling in 2026 set a 'cause' process for Fed governor removal.
Cook's appointment
Cook was appointed to the Fed board in 2022 by former President Joe Biden and reappointed in 2023.
Trump's motive
Trump claims the Fed refuses to lower interest rates for political reasons, seeking control over central bank.
Critics call it kangaroo court
Senator Elizabeth Warren called the hearing a 'kangaroo court' and part of Trump's dangerous quest to take over the central bank.
“kangaroo court”
The headline
Trump launched a White House hearing to investigate Fed Governor Lisa Cook over alleged mortgage fraud, seeking her removal before congressional elections.
