Updated 22m ago · Politics

Trump Renews Bid to Fire Fed's Cook Over Fraud Claims

President Donald Trump formed a committee to investigate whether Fed Governor Lisa Cook made false statements on mortgage documents. Its report will tell him whether there is cause to remove her.

3 members: Kevin Hassett, Andrea Lucas and Keith Sonderling.
Nov. 5: closed White House hearing, capped at four hours.
A hearing transcript will be published, the memo said.
Cook has denied wrongdoing and has not been charged with a crime.

Why it matters: The Supreme Court ruled in June that Cook could stay because she lacked a fair chance to respond. Chief Justice John Roberts wrote that cause would depend partly on the underlying facts.

Ed Mills of Raymond James said the ruling gave Trump a roadmap to fire her.
Trump has pressed the Fed to cut rates. It raised them unanimously in September.

How 38 sources split on this story

Source landscape

Factuality

High

Mixed

Low

Strong LeftLeftLean LeftCenterLean RightRightStrong Right

Political Bias

Coverage by lean% of 38 sources

38 sources · 43 articles · 42% Left coverage

Where they split: Coverage divides over whether the committee is a fair process to establish cause or a predetermined path to firing a Fed governor.

Center coverage, 12 sources: The center focuses on the mechanics of the inquiry and Pulte's claim that the case is about mortgage fraud, not politics.

CNBC4hTrump created a committee to dig into the Fed's Lisa Cook. What is it and what comes next?Associated Press8hTrump establishes committee to investigate Federal Reserve's Lisa Cook in latest effort to fire her Axios8hTrump orders new investigation of Fed's Lisa Cook Bloomberg8hWhite House Forms Committee to Probe Federal Reserve’s Cook Financial Times8hDonald Trump launches committee to investigate Fed governor Lisa Cook MarketWatch5hTrump ramps up battle to fire Fed’s Lisa Cook. Her lawyers say there’s no basis to remove her.NOTUS8hTrump Is Renewing His Effort to Oust the Federal Reserve's Lisa Cook - The Washington Sun PBS NewsHour2hTrump establishes committee to investigate Federal Reserve's Lisa Cook in latest effort to fire her Reuters9hTrump launches committee to probe Fed's Lisa Cook, White House statement The Hill7hTrump establishes ‘committee of inquiry’ for Federal Reserve Gov. Lisa Cook The National Desk5hTrump announces White House probe into Federal Reserve governor Lisa D. Cook USA Today6hTrump to hold hearing in continued bid to fire Fed Governor Lisa Cook

Left coverage, 16 sources: The left frames the committee as a renewed push to oust Cook that threatens Fed independence, with an outcome analysts call predictable.

CNN8hTrump launches new effort to oust Fed Governor Lisa Cook Los Angeles Times8hTrump establishes committee to investigate Federal Reserve's Lisa Cook in latest effort to fire her Politico58mFed’s Warsh faces fresh challenge from Trump The New York Times8hThe Don Announces White House Inquiry into Fed Gov Cook...Al Jazeera7hTrump launches probe into Federal Reserve Governor Lisa Cook CBS News7hTrump creates committee to probe allegations of mortgage fraud by Fed Governor Lisa Cook Daily Kos3hTrump won’t let go of his racist attack on Fed board member Mediaite7hTrump Creates Committee to Probe Fed Reserve Governor Lisa Cook for Mortgage Fraud Mother Jones4hTrump tries—yet again—to fire Fed Governor Lisa Cook MSNBC7hTrump intensifies campaign against Fed’s Lisa Cook, establishes new inquiry panel NBC News8hTrump establishes panel to probe Fed governor Lisa Cook in latest attempt to fire her Political Wire8hTrump Forms Committee to Probe Fed’s Lisa Cook

Right coverage, 10 sources: The right frames it as Trump redoubling a firing effort through a more careful process the Supreme Court left open.

Washington Examiner8hTrump redoubles effort to fire Fed governor Lisa Cook The Epoch Times23hTrump Forms Committee to Probe Federal Reserve’s Lisa Cook Citizen Free Press8hBREAKING | WH announces new committee to investigate Lisa Cook.Fox News6hTrump sets up committee to investigate Fed Governor Lisa Cook over mortgage fraud allegations New York Post8hTrump establishes committee to investigate Fed Governor Lisa Cook’s mortgage fraud statements NTD7hTrump Launches Committee to Probe Fed's Lisa Cook The Federalist5hTrump Renews Bid To Remove Federal Reserve's Lisa Cook The Gateway Pundit6hTrump Escalates Effort to Oust Federal Reserve Governor Lisa Cook, Launches Investigation Into Allegations of Mortgage Fraud * The Gateway Pundit * by Cristina Laila The Washington Times8hTrump creates panel to investigate Lisa Cook in long-running bid to fire Fed governor ZeroHedge5hTrump Forms Committee To Probe Federal Reserve's Lisa Cook

What’s next: Cook's lawyers, Abbe Lowell and Norm Eisen, said they are weighing whether the process is genuine. They told the AP she may testify.

The Fed's next rate decision comes weeks before the hearing.
Would the Supreme Court uphold a firing after this process?
Will the Justice Department bring charges, as FHFA Director Bill Pulte has predicted?