Trump forms committee to investigate Fed Governor Lisa Cook

… freestar.config.enabled_slots.push({ placementName: "upi-com_incontent_reusable", slotId: "upi-com_incontent_reusable_92280" }); </script> </div></div></p> <p>Trump's memo said that it's his job to fire "subordinates who cannot be trusted to tell the truth and follow the law." He said the committee would investigate and "report to me whether there is 'cause' for Governor Cook's removal."</p> <p>Trump first attempted to fire Cook from the Federal Reserve in 2025, accusing her of committing mortgage fraud in a loan application by incorrectly listing a property as a vacation home. The Supreme Court ruled against that effort in June, saying Trump needed proper justification.</p> <p>In August, the Trump administration <a href="https://www.upi.com/Top_News/US/2026/08/07/fed-trump-cook/2451786135204/" target="_blank">sent Cook a letter</a> laying out its allegations and seeking a written response within 21 days. <a href="https://www.upi.com/Top_News/US/2026/08/27/lisa-cook-attorneys-fight-trump-administration-dismissal-attempt/9721787842618/" target="_blank">She said</a> Trump has "no legal basis" to fire her and said the error on her mortgage loan application was an error. …