EL7.AI
Central BanksMedium•7 November 2026•
1 min read

Trump Directs Inquiry Committee to Investigate Fed Governor Lisa Cook

Key Facts

1President Trump directed an inquiry committee to investigate allegations against Fed Governor Lisa Cook.
2The Justice Department and Cook's lawyers requested a pause in legal deadlines until a White House hearing on Dec. 14.

President Trump directed an inquiry committee to investigate allegations against Federal Reserve Governor Lisa Cook. Bloomberg reported that the three-member committee was established to determine if legal cause exists for her dismissal. This action follows a Supreme Court decision that blocked an initial attempt to fire Cook, leading the administration to seek a formal legal basis for her removal.

The Justice Department and Cook's lawyers requested a pause in legal deadlines until a White House hearing scheduled for December 14, 2026. Cook claims the allegations are a pretext for policy disagreements. In broader economic context, United States data showed the unemployment rate at 4.1% on November 6, 2026, with non-farm payrolls increasing by 165,000 on the same date.