Trump Forms Committee to Probe Fed Governor Lisa Cook Over Mortgage Statements

3 articles · Updated · POLITICO · Oct 13

Trump has set up a committee of inquiry to investigate whether Fed Governor Lisa Cook made false statements tied to one or more mortgage instruments, escalating his latest bid to oust her.
The move revives a fight the Supreme Court already interrupted once on due-process grounds and lands just after the Fed raised rates last month over stubborn inflation.
Kevin Warsh, Trump’s new Fed chair, now faces pressure to manage the institutional fallout, with Fed watchers casting the Cook dispute as a test of the central bank’s independence.
The clash comes as the administration heads into Election Day with voters still sour on the economy despite continued consumer spending, making Fed turmoil another complication for Trump’s economic message.