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Trump forms committee to investigate Fed's Lisa Cook

Trump forms committee to investigate Fed's Lisa Cook

Summary

President Donald Trump has created a committee to investigate claims that Lisa Cook, a member of the Federal Reserve's Board of Governors, made false statements in mortgage documents. This action follows the Supreme Court's decision in June that blocked President Trump’s effort to remove Cook from her position.

Key Facts

  • President Trump formed a committee to look into allegations against Lisa Cook.
  • The allegations say Cook made false statements in mortgage papers.
  • Lisa Cook serves on the Federal Reserve’s Board of Governors.
  • The Supreme Court rejected President Trump’s attempt to fire Cook in June.
  • The investigation by the new committee is a response to the Supreme Court ruling.
  • The news was reported by CBS News homeland security correspondent Nicole Sganga.
  • The Federal Reserve Board of Governors oversees the U.S. central banking system.
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