Trump Establishes Committee to Investigate Fed Governor Lisa Cook

Key Facts

President Donald Trump established a committee of inquiry to investigate allegations that Federal Reserve Governor Lisa Cook made false statements regarding mortgages. CNBC reported that the move follows a previous failed attempt by the President to remove her from office.

The formal investigation was initiated after a US Supreme Court ruling blocked Trump's initial attempt to fire Cook. The committee is specifically focused on examining the accuracy of statements she allegedly made concerning mortgage-related matters.