News about Lisa Cook

A special committee appointed by President Donald Trump has rescheduled the hearing for Federal Reserve Governor Lisa Cook to Dec. 14, a White House official said Wednesday. Trump set up the “committee of inquiry” in early October to investigate allegations that Cook made false statements related to “one or more mortgage instruments.” The New York Times first reported the rescheduling.

On September 30, 2026, Senate Environment and Public Works (EPW) Committee Chair Shelley Moore Capito (R-WV), Ranking Member Sheldon Whitehouse (D-RI), Senate Energy and Natural Resources (ENR) Committee Chair Mike Lee (R-UT) and Ranking Member Martin Heinrich (D-NM) unveiled the Bipartisan American Affordability and Jobs Act of 2026 (BAAJA; S. 5653), a comprehensive permitting reform package to speed approvals for energy, infrastructure, transmission, mining, manufacturing and other major projects. The legislation is described as the most significant bipartisan permitting reform effort in years, following months of negotiations between Senate Republicans and Democrats.

Lisa Cook's lawyer, Abbe Lowell, argues that the committee Trump set up to investigate mortgage fraud allegations against the Fed governor cannot be fair, citing 'demonstrably biased members' and unspecified additional allegations. In a letter to adviser Will Scharf, Lowell said Cook cannot attend the November 5 in-person hearing because she will be on Fed duties in Europe, so the earliest possible hearing would be in December. Trump earlier called Cook 'dishonest' and an 'automatic no vote' for opposing rate cuts, and the White House said he is performing his constitutional duty. Lowell also said top economic adviser Kevin Hassett has prejudged the case by suggesting Trump has 'cause' to fire her. The Supreme Court blocked Trump's first attempt to remove Cook in late June for insufficient due process, and Cook denies the allegations.