President Donald Trump has initiated new proceedings to address his attempts to dismiss Federal Reserve Governor Lisa Cook. On Friday, he established a ‘committee of inquiry’ to scrutinize claims that Cook provided false information on mortgage applications. A hearing is scheduled at the White House on November 5, where Cook is required to attend and respond to the committee’s questions.
This decision follows a recent Supreme Court ruling from June that allowed Cook to retain her position after Trump had previously tried to remove her. The Court’s decision emphasized that Cook was entitled to prior notice and a chance to address the accusations. Cook has consistently denied any misconduct and has not faced criminal charges.
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