MemorandumThe White HouseOctober 8, 2026
White House Orders Inquiry Into Allegations Against Fed Governor Cook
A presidential committee will hear evidence on November 5 and recommend whether there is cause to remove Lisa Cook from the Federal Reserve Board.
Summary
A committee will investigate allegations that Federal Reserve Governor Lisa Cook made false statements in connection with mortgage documents. The inquiry will inform a recommendation on whether there is cause to remove her from the Federal Reserve Board; no decision on removal is announced in the memorandum.
- Hearing: November 5, 2026, at the White House. It will be closed to the public, transcribed, and no longer than four hours.
- Cook’s participation: She must appear and may present arguments and written evidence. She may submit a position statement at least three days before the hearing and a post-hearing statement by November 10.
- Next step: The committee will send the President written findings and a recommendation as soon as practicable after receiving her post-hearing statement.
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Source: The White House