Trump Pursues New Strategy to Remove Fed Governor Lisa Cook
Following a Supreme Court setback, President Trump is pursuing a new strategy to remove Federal Reserve Governor Lisa Cook by establishing a committee of inquiry to investigate allegations against her, with a hearing scheduled for November 5.
Tucson, AZ, October 9, 2026 — President Donald Trump is reportedly employing a new approach in his efforts to remove Federal Reserve Governor Lisa Cook from her position. This strategy comes after an earlier attempt faced a setback before the Supreme Court.
The current plan involves the establishment of a committee of inquiry. The stated purpose of this committee is to investigate allegations that have been made against Governor Cook. A specific date has been set for a hearing related to these allegations, scheduled to take place on November 5.
Details regarding the specific nature of the allegations against Governor Lisa Cook were not provided in the summary. Furthermore, the exact details of the Supreme Court setback that reportedly influenced this shift in strategy were not elaborated upon. Information about the composition, mandate, or powers of the newly proposed committee of inquiry beyond its investigative function also remains unspecified.
Lisa Cook was confirmed as a governor of the Federal Reserve System in September 2022, serving a 14-year term. Her appointment marked a significant moment as she became the first Black woman to serve on the Federal Reserve’s Board of Governors. Prior to her role at the Federal Reserve, Cook held various academic and policy positions, including professorships at Michigan State University and the University of Rochester, and service in economic advisory roles for governmental bodies.
The Federal Reserve, often referred to as the central bank of the United States, is responsible for monetary policy, financial stability, and supervising and regulating many of the nation’s financial institutions. Its governors are appointed by the President and confirmed by the Senate for staggered 14-year terms. Removal of a Federal Reserve Governor from office before the end of their term is an uncommon occurrence and typically requires cause.
Story summarized from the original created by AP via Scripps News Group on www.kgun9.com, see more information here.
