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Trump Orders Committee To Investigate Fed Governor Lisa Cook. U.S. President Donald Trump has ordered a three-person committee to investigate mortgage fraud allegations against Federal Reserve Governor Lisa Cook as he seeks to remove her from office. The "committee of inquiry" will examine the allegations and question Cook at a closed-door hearing at the White House on November 5. The panel will then provide Trump with findings and a recommendation on whether there is legal cause to remove Cook from the Federal Reserve Board. It will include Trump economic adviser Kevin Hassett, Equal Employment Opportunity Commission Chair Andrea Lucas and acting government ethics director Keith Sonderling. Cook will be allowed to present arguments, written evidence and witness statements, while the closed hearing will be transcribed. The Supreme Court previously rejected Trump's initial attempt to fire Cook, ruling she must have an opportunity to respond to the allegations before a final decision. Cook denies committing mortgage fraud and sued to block her removal, with her lawyers claiming Trump's effort was linked to her refusal to lower interest rates. Her attorneys said they have "grave doubts" about whether the new process will be legitimate but said Cook welcomes the opportunity to clear her name.
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