Lisa Cook officially out as Fed Governor
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Why is the White House holding a hearing on Fed governor Lisa Cook now? Trump explained why in July. • • After the Supreme Court let Cook keep her seat while she challenges his attempt to fire her, Trump said on CNBC that the court "sent it back, not based on the merits. They sent it back on process and procedure." • • "So we'll start the process, and we'll do perfect process and perfect procedure," he said. • • The White House memo made public on Friday *is* that process. It sets a Nov. 5 closed-door hearing at the White House where Justice Department lawyers can question her in front of a three-member committee of Trump appointees about allegations that have yet to result in any criminal charges. The committee then recommends whether there's "cause" to remove her. • • The timing is important here because the day after the White House hearing, Cook and the DOJ owe U,S. District Judge Jia Cobb a joint proposal on how her lawsuit challenging Trump's August 2025 removal effort should proceed. Cobb blocked this removal attempt last year, allowing Cook to remain on the job before the underlying dispute was adjudicated. The Supreme Court upheld that order. The underlying dispute now goes back to her. • • If the committee recommends removal, Trump could fire Cook again, and DOJ would argue she has now had the chance to respond that the Supreme Court and others found lacking. Cobb, and likely the appeals courts after her, would then have to decide whether "cause" had been established. The hearing could also give the administration new material to justify a removal. Even if nothing comes of it, the spectacle of a sitting Fed governor summoned to the White House for questioning sends a message to other officials the president may not be able to fire.
Trump launches new effort to oust Fed Governor Lisa Cook
Trump launches new effort to oust Fed Governor Lisa Cook
Trump launches new effort to oust Fed Governor Lisa Cook
[UPDATE] Trump launches committee to investigate Fed governor Lisa Cook (first reported at 2026-10-09T14:10:01Z)
[UPDATE] Trump launches committee to investigate Fed governor Lisa Cook (first reported at 2026-10-09T14:10:01Z)
[UPDATE] Trump launches committee to investigate Fed governor Lisa Cook (first reported at 2026-10-09T14:10:01Z)
Trump establishes ‘committee of inquiry’ for Federal Reserve Gov. Lisa Cook President Trump on Friday established a committee to investigate whether Federal Reserve Gov. Lisa Cook “made false statements in connection with one or more mortgage instruments.” The “committee of inquiry” will hold an in-person hearing next month to consider the allegations and evidence against her. It is scheduled for Nov. 5. “As President, it is…
Donald Trump isn't finished with Lisa Cook: after unsuccessfully trying to remove the Fed governor, the US president is forming a commission to question her.
Donald Trump is not finished with Lisa Cook: after trying unsuccessfully to remove the Fed governor, the US president is forming a commission to question her.
Donald Trump is not finished with Lisa Cook: after trying unsuccessfully to remove the Fed governor, the US president is forming a commission to question her.
Donald Trump is not finished with Lisa Cook: after trying unsuccessfully to remove the Fed governor, the US president is forming a commission to question her.
Meanwhile... "hereby establish a committee of inquiry (Committee) to investigate allegations that Federal Reserve Governor Lisa D. Cook made false statements in connection with one or more mortgage instruments.
Trump forms panel to probe US Fed governor Lisa Cook
Trump forms panel to probe US Fed governor Lisa Cook
Trump forms panel to probe US Fed governor Lisa Cook
What is this event about?
This market will resolve to "Yes" if Lisa Cook formally ceases to hold the position of Member of the US Federal Reserve Board of Governors by the specified date, 11:59 PM ET. Otherwise, it will resolve to "No".
Lisa Cook must formally cease to hold the specified position in accordance with the laws, rules, or procedures applicable to that position. Announcements of a future departure do not qualify. The means of departure do not impact settlement; resignation, removal, dismissal, or other means all qualify.
Temporary leaves of absence, dated suspensions, indefinite suspensions, administrative leaves, or other temporary changes to the specified person’s duties in the specified position do not qualify.
The resolution source for this market will be information from the Federal Reserve Board of Governors, however a consensus of credible reporting will also suffice.