Trump Makes Fresh Push to Dismiss Fed Governor Lisa Cook, Sets Up White House Investigation Panel

U.S. President Donald Trump has formed a separate investigation committee to once again push for the dismissal of Federal Reserve Governor Lisa Cook, whom he has viewed as a thorn in his side.

According to U.S. media outlets including the Associated Press on the 9th local time, the White House has established a committee to investigate allegations that Cook made false statements regarding mortgage fraud suspicions.

The committee is scheduled to hold a closed-door hearing at the White House on November 5.

Cook is required to attend the hearing and answer questions from the committee members.

The committee includes Kevin Hassett, Director of the White House National Economic Council (NEC); Keith Sonderling, Acting Director of the Office of Government Ethics; and Andrea Lucas, Chair of the Equal Employment Opportunity Commission.

In a presidential memorandum dated the 7th ordering the formation of the committee, President Trump stated, "As President, it is my duty to ensure that the laws are faithfully executed, including by removing subordinate officers whom I can no longer trust to tell the truth and to follow the law."

President Trump announced Cook's dismissal in August of last year, claiming that she manipulated mortgage documents in 2021 before taking office as a Fed governor.

However, Cook has denied any wrongdoing and argued that President Trump is raising baseless allegations to remove her.

In June, the U.S. Supreme Court allowed Cook to retain her position on the grounds that she had not been given an adequate opportunity to respond.

This investigation committee is intended to determine whether legal cause exists to dismiss Cook, which is seen as an attempt by President Trump to fulfill the procedural requirements necessary for her removal.

Cook's attorneys stated that they are reviewing whether she will attend the hearing.

They said, "Governor Cook welcomes the opportunity to present the facts to clear her name and establish that there is no legal basis for her removal," adding, "We are in discussions with the White House to evaluate whether this will be a genuine process rather than a mere formality."

President Trump has expressed frustration with the Federal Reserve for not complying with his demands for interest rate cuts, and has continuously pursued the dismissal of Cook, who was appointed by former President Joe Biden.

The Associated Press noted that as President Trump repeatedly pressures the Fed to cut interest rates, his renewed push to dismiss Cook is expected to reignite concerns that the independence of the Federal Reserve could be undermined.

(Photo: AP, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.