President Trump has set up a White House committee to investigate Federal Reserve Governor Lisa Cook over alleged false mortgage statements, a formal process that could support her removal after the Supreme Court blocked an earlier attempt.

Fox News reported that the Trump administration released a notice dated Oct. 7, 2026, creating the panel and scheduling an in-person hearing for Nov. 5 at the White House. The move gives Cook a structured chance to answer the same accusations Trump has cited for more than a year.

Three White House staffers sit on the committee, including National Economic Council Director Kevin Hassett. Department of Justice lawyers will question Cook. The hearing will last no more than four hours, stay closed to the public, and be transcribed.

Cook may submit a written statement at least three days beforehand. She can present argument, written evidence, and written witness statements. After the hearing, the White House expects another written statement from her before the committee recommends to Trump whether there is adequate cause for removal.

The White House alleges Cook claimed homes in Atlanta and Michigan as her primary residence on separate mortgage agreements and later rented out the Atlanta property. Those claims sit at the center of the long-running effort to remove her for cause.

Supreme Court already forced a do-over on process

Trump first moved to remove Cook in August 2025. That step triggered a lengthy legal fight. In June 2026 the Supreme Court blocked the firing in a 5-4 ruling, holding that she had not been given adequate time to respond.

The Court has drawn a line between agencies. In Trump v. Slaughter it affirmed the president’s power to dismiss a Federal Trade Commission commissioner. In Trump v. Cook it stated the president cannot unilaterally fire a Federal Reserve governor. The new committee is the administration’s answer to the process problem the justices flagged.

In August the White House revisited the matter and sent Cook a letter saying Trump was again considering termination. She received 21 days to respond. On Aug. 26 her attorneys submitted a letter denying she had committed mortgage fraud.

Cook’s counsel said the Atlanta designation was an inadvertent mistake. They argued she sought financing for it as a vacation home and consistently identified Michigan as her “primary” or “permanent” residence.

That earlier renewed push to fire Cook after the Court setback left the administration looking for a cleaner procedural path. The October notice supplies one.

Committee members and the president’s stated standard

Breitbart reported the panel includes Hassett, Andrea Lucas, and Keith Sonderling. An in-person hearing is set for Nov. 5 at the White House and will run no longer than four hours. No president has removed a sitting Fed governor in the central bank’s 113-year history.

Trump framed the duty in plain terms.

"As President, it is my job to ensure the laws are faithfully executed, including by firing subordinates who cannot be trusted to tell the truth and follow the law."

The New York Post reported he added that the committee shall investigate the allegations against Governor Cook and report whether there is “cause” for her removal. The order follows prior accusations raised by FHFA Director Bill Pulte.

Sen. Elizabeth Warren charged that Trump “is convening an illegitimate show trial” to exert control over the independent central bank. Cook’s attorneys have questioned the panel’s legitimacy while saying they welcome a chance to clear her name.

Pressure on the Fed is not new terrain for this White House. Trump has also urged the Federal Reserve to cut rates after strong jobs data, keeping monetary policy and personnel questions in the same public frame.

White House memo puts false statements at the center

The Washington Examiner reported that a White House memo states the group will examine “false statements in connection with one or more mortgage instruments” and hold the November hearing. The committee is an escalation after the Supreme Court blocked the prior removal attempt.

Hassett had been among Trump’s top picks to replace Jerome Powell as Fed chair before the president settled on Kevin Warsh. Hassett’s place on the Cook panel puts a senior economic adviser directly inside the fact-finding process.

The notice gives Cook concrete tools: advance written submission, live argument, written evidence, witness statements, and a post-hearing written statement. DOJ lawyers will conduct the questioning. The committee then advises Trump on cause.

Court fights over executive authority have marked other fronts as well. A federal judge recently froze border wall work in Texas, and separate orders have tested White House control over access and personnel. The Cook process is the administration’s attempt to meet the standard the justices already set on timing and notice.

Cook still holds her seat and has continued Fed board work, including a March 19, 2026, meeting in Washington. The November hearing will put the mortgage allegations, her attorneys’ inadvertent-mistake defense, and the paper trail under oath and on a transcript.

Taxpayers and markets both need a central bank whose governors meet basic standards of honesty on legal documents. A closed hearing with a written record and a recommendation on cause is how the White House is now testing that standard.