Trump Orders Removal Hearing for Fed Governor Lisa Cook

Key Facts

1President Donald Trump has ordered a hearing for November 5th aimed at removing Lisa Cook from the Federal Reserve Board of Governors.

President Donald Trump has ordered a hearing for November 5, 2026, aimed at removing Lisa Cook from the Federal Reserve Board of Governors. Investing.com reported that the move initiates a formal process to challenge the tenure of the central bank official.

The action represents a direct executive challenge to the independence of the Federal Reserve Fed following previous criticisms of the bank's leadership. Direct interference in central bank governance is a high-impact event that typically increases market volatility.