Albuquerque Santa Fe, NM, October 11, 2026 — The Trump administration has established a new White House committee tasked with investigating Federal Reserve Governor Lisa Cook. The committee’s objective is to examine allegations of false statements made by Governor Cook on a mortgage application, seeking to identify grounds that could lead to her removal from the Federal Reserve Board of Governors.

This move follows a prior effort by the administration to remove Cook from her position, which was reportedly blocked by the Supreme Court. The exact timeline for the committee’s formation and the scope of its investigation were not immediately detailed in the available information.

Governor Cook was appointed to the Federal Reserve Board, and the process for removal of Federal Reserve Governors typically involves specific procedures and grounds for dismissal, often related to misconduct or breach of duty.

Details regarding the specific mortgage application in question, the nature of the alleged false statements, or the timeline of these events were not provided. The committee’s findings will determine any further actions by the administration.

The Federal Reserve is an independent entity within the U.S. government, responsible for monetary policy and financial stability. Actions or investigations into its governors can draw significant attention due to the institution’s critical role in the economy.


Story summarized from the original created by Jacob Fischler on sourcenm.com, see more information here.

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