White House forms committee to probe Fed Governor Lisa Cook

President Donald Trump has established a dedicated committee to investigate mortgage fraud allegations involving Federal Reserve Governor Lisa Cook, escalating efforts to remove her from her position.

Under the mandate, Cook is being compelled to appear at a formal White House hearing to defend herself against the accusations. The action represents a sharp escalation in the administration's pressure campaign against the central bank leadership, as officials seek to challenge Cook's standing on the Board of Governors.

Sources: Bloomberg