Trump creates panel to investigate Fed Governor Lisa Cook
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The Facts
- President Donald Trump established a committee to investigate allegations against Federal Reserve Governor Lisa Cook.
- The inquiry concerns allegations that Cook made false statements in connection with mortgage documents.
- The committee will report to Trump on whether there is cause to remove Cook.
- The White House scheduled an in-person hearing for Cook on Nov. 5.
- The hearing is planned to be closed to the public, with a transcript published.
- The Supreme Court previously blocked Trump’s attempt to remove Cook, finding she lacked adequate due process.
- Cook has denied wrongdoing and has not been charged with a crime.
Context
Who will serve on the committee?
The three-member committee includes the assistant to the president for economic policy, the chair of the Equal Employment Opportunity Commission and the director of the Office of Government Ethics. CBS News Investing.com Al Jazeera Online
What opportunity will Cook have to respond?
Cook may submit a written statement and attend the Nov. 5 hearing with legal counsel; the committee will consider evidence before reporting to Trump. Guardian Investing.com NBC News
Where Left and Right agree, and where they split
- Where Left and Right agree
- Both frames accept that Cook faces unproven allegations and no criminal charge, and that the Supreme Court already found the first removal attempt legally deficient for lack of due process.
- Where Left and Right split
- The left and the right split on whether Trump's own panel can ever supply fair process for Cook.
- Why they won’t converge
- The disagreement is trust-in-institution: whether a panel appointed by and reporting to the president can ever count as independent process, regardless of what facts it finds.
- Watch for
- The Nov. 5 closed hearing will produce a published transcript and a committee recommendation to Trump on whether cause exists to remove Cook.The Guardian, CNBC
How left and right read it
Left says
A governor of the central bank should not lose her seat over allegations that have produced no charge, and the burden of proof sits with the president, not with her. If a panel answerable to the man seeking her removal counts as process, what finding could it reach that anyone should trust?
“Friday's announcement marks an escalation in Mr. Trump's campaign to fire Ms. Cook from her position at the central bank” — The New York Times
Right says
A Federal Reserve governor accused of false statements on mortgage documents should not be shielded by the stature of the office, so a formal inquiry into cause is legitimate. Cook denies wrongdoing and faces no charge, and the Supreme Court already found the first removal bid deficient for lack of due process — so this time the hearing and its published transcript must actually establish cause, not merely assert it.
“The decision is the latest twist in Mr. Trump's effort to reshape the Fed's board to his liking, as he bemoans the central bank's reluctance to lower interest rates.” — Washington Times
The published transcript becomes the real trial: it must earn the verdict, not just display one already decided.
The receipts — 100 sources
Wire services (13)
Independent coverage (87)
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Maryland Daily RecordTrump to hold inquiry into Fed's Lisa Cook at White House
The Wall Street JournalTrump Sets Nov. 5 Hearing Date for Fed Governor Lisa Cook
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TRT WorldTrump orders White House inquiry into Fed Governor Cook, ren...
Al Jazeera OnlineTrump launches probe into Federal Reserve Governor Lisa Cook
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dpa InternationalTrump renews push to oust Federal Reserve Governor Lisa Cook
Investing.comTrump orders Nov. 5 Cook hearing in renewed bid to oust Fed ...
AOL.comTrump establishes committee to investigate Fed governor Lisa...
CBS NewsTrump creates committee to probe allegations of mortgage fra...
AolTrump creates committee to investigate Fed's Lisa Cook - AOL
The GuardianTrump establishes committee to investigate Fed governor Lisa...
The Times of IndiaTrump sets up committee to probe Federal Reserve Governor Li...
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MediaiteTrump Creates Committee to Probe Fed Reserve Governor Lisa C...
Yahoo! FinanceTrump forms committee to investigate mortgage fraud allegati...
cnbctv18.comTrump launches inquiry into Fed Governor Lisa Cook, orders h...
Yahoo7 FinanceTrump forms committee to investigate mortgage fraud allegati...
Washington PostTrump escalates effort to fire Federal Reserve governor Lisa...
NTDTrump Launches Committee to Probe Fed's Lisa Cook
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The HillTrump establishes 'committee of inquiry' for Federal Reserve...
Washington ExaminerTrump redoubles effort to fire Fed governor Lisa Cook
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ijr.comTrump Forms Committee to Probe Fed's Cook
FirstpostTrump forms committee to probe US Fed Governor Lisa Cook ove...
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ETV Bharat NewsTrump Establishes Committee To Investigate Federal Reserve's...
Taegan Goddard's Political WireTrump Forms Committee to Probe Fed's Lisa Cook
AxiosTrump orders new investigation of Fed's Lisa Cook
The New York TimesTrump Announces White House Inquiry into Fed Governor Cook
New York PostTrump establishes committee to investigate Fed Governor Lisa...
The Edge MalaysiaTrump launches committee to probe Fed's Lisa Cook, White Hou...
CNN InternationalTrump launches new effort to oust Fed Governor Lisa Cook
CNN InternationalTrump launches new effort to oust Fed Governor Lisa Cook
NewsChannel 3-12Trump launches new effort to oust Fed Governor Lisa Cook
NBC NewsTrump establishes panel to probe Fed governor Lisa Cook in l...
Michigan AdvanceTrump appoints committee to revive quest to remove Lisa Cook...
POLITICOTrump sets up committee to investigate, potentially remove t...
Financial Times NewsDonald Trump launches committee to investigate Fed governor ...
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