Trump created a committee to dig into the Fed's Lisa Cook. What is it and what comes next?
President Donald Trump has ordered a committee to examine mortgage fraud allegations involving Federal Reserve Governor Lisa Cook. Cook denies the allegations, according to ABC News.
The panel is to hold a closed-door hearing at the White House next month. Trump’s memo says Cook is to appear and be questioned by committee members and representatives, with her legal counsel allowed to attend.
The committee includes economic adviser Kevin Hassett, Equal Employment Opportunity Commission Chair Andrea Lucas and acting Office of Government Ethics Director Keith Sonderling.
After the hearing, the panel is to give Trump written findings and a recommendation on whether there is cause to remove Cook. The report did not say what happens next if the committee recommends her removal.
Where this came from
CNBC did not allow its article to be shown here. This version was written by Sureno, in its own words, from other reporting:
- ABC News — Trump announces committee to investigate Federal Reserve’s Lisa Cook