Detroit, MI, October 9, 2026 — President Trump is initiating a new strategy aimed at the removal of Federal Reserve Governor Lisa Cook, following a previous setback at the Supreme Court. The approach involves the establishment of a committee of inquiry tasked with investigating specific allegations against Governor Cook.

The core of the inquiry reportedly centers on allegations of false statements made in mortgage applications. The committee of inquiry will conduct an investigation into these claims. As part of this process, a hearing has been scheduled for Governor Cook to provide her response to the allegations. The specific details of the Supreme Court setback were not provided in the summary. Furthermore, the names of the members of the committee of inquiry and the exact date of the hearing were not specified. Information regarding the nature or timeline of the mortgage applications in question is also not detailed.

This new strategy follows an earlier attempt or legal challenge that was reportedly hindered by a Supreme Court decision. The current objective is to gather information through the committee’s investigation and provide Governor Cook an opportunity to formally address the concerns raised before any further action is taken. The outcome of this investigation and hearing is pending.


Story summarized from the original created by AP via Scripps News Group on www.wxyz.com, see more information here.

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