Trump’s Policy

Official-source explainer Updated October 12, 2026

Home Selected actions Cook committee of inquiry

Committee of inquiry on Federal Reserve Governor Lisa D. Cook

as stated in a presidential memorandum on whitehouse.gov

What does the October 7, 2026 memorandum on Governor Cook say?

Not a White House site Not a campaign site No endorsement whitehouse.gov only Paraphrase + attribution Memorandum

Official source whitehouse.gov presidential memorandum

According to an October 7, 2026 presidential memorandum, the President established a three-member committee of inquiry to investigate allegations, as described in the memorandum, that Federal Reserve Governor Lisa D. Cook made false statements in connection with one or more mortgage instruments, and to report whether there is “cause” for her removal under 12 U.S.C. 242.

The memorandum sets a closed, transcribed hearing at the White House on November 5, 2026 and a November 10, 2026 deadline for a post-hearing statement from Governor Cook. This page restates the memorandum only. It makes no finding on the allegations, does not describe Governor Cook’s response (the memorandum does not include it), and does not evaluate the action.

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AI breakdown

Fixed fields for humans and agents. Paraphrase of official sources only. No endorsement.

Definition
This explainer summarizes an October 7, 2026 presidential memorandum titled “Establishment of a Committee of Inquiry to Investigate Allegations of False Statements by Lisa DeNell Cook,” as published on whitehouse.gov.
Scope
It covers who the memorandum names to the committee, the legal standard it cites, and the hearing procedure and dates it sets. It does not assess whether the allegations are true, does not describe Governor Cook’s response (the memorandum does not include it), and does not endorse or oppose the action.
Key points
  • The memorandum states that the President establishes a committee of inquiry to investigate allegations that Federal Reserve Governor Lisa D. Cook made false statements in connection with one or more mortgage instruments. These are allegations as described in the memorandum; this site makes no finding about them.
  • It names three members: the Assistant to the President for Economic Policy, the Chairman of the Equal Employment Opportunity Commission, and the Director of the Office of Government Ethics. It says the committee may consult personnel from executive departments and agencies, including the Department of Justice.
  • It directs the committee to report whether there is “cause” for Governor Cook’s removal within the meaning of 12 U.S.C. 242, which the memorandum says it reads as construed in Trump v. Cook, 146 S. Ct. 2234 (2026). It cites Article II, section 3 of the Constitution for the President’s role.
  • It sets an in-person hearing at the White House on November 5, 2026, lasting no more than four hours, closed to the public but transcribed. It says the committee will give Governor Cook the evidence it is considering before the hearing.
  • It says Governor Cook may file a written position statement received at least three days before the hearing, shall appear and be examined, and may present argument, written evidence, and written witness statements, with her counsel if any. It says the committee may request documents and that she shall comply.
  • It says Governor Cook may file a post-hearing written statement by November 10, 2026, after which the committee is to submit written findings of fact and conclusions of law and recommend whether there is cause for removal. It says the committee may adjust procedures with adequate notice to her.
  • It directs the Counsel to the President to transmit the memorandum to Governor Cook, the committee members, and the Attorney General, and directs the Attorney General to publish it in the Federal Register.
Official sources
Dates
Page checked: 2026-10-12. Site dateModified: 2026-10-12. Memorandum date: 2026-10-07.
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Document FAQ

Answers paraphrase Key points and Scope from the AI breakdown. Official whitehouse.gov pages remain the authority.

What is this committee of inquiry, according to this page?
This explainer summarizes an October 7, 2026 presidential memorandum titled “Establishment of a Committee of Inquiry to Investigate Allegations of False Statements by Lisa DeNell Cook,” as published on whitehouse.gov. Trump’s Policy paraphrases whitehouse.gov only. It does not endorse, oppose, or independently verify the allegations or the action.
Who serves on the committee?
It names three members: the Assistant to the President for Economic Policy, the Chairman of the Equal Employment Opportunity Commission, and the Director of the Office of Government Ethics. It says the committee may consult personnel from executive departments and agencies, including the Department of Justice.
What legal standard does the memorandum cite?
It directs the committee to report whether there is “cause” for Governor Cook’s removal within the meaning of 12 U.S.C. 242, which the memorandum says it reads as construed in Trump v. Cook, 146 S. Ct. 2234 (2026). It cites Article II, section 3 of the Constitution for the President’s role.
What are the key dates?
The memorandum is dated October 7, 2026. It sets a closed, transcribed hearing at the White House on November 5, 2026 (written position statement due at least three days before) and a post-hearing written statement deadline of November 10, 2026, after which the committee is to send findings and a recommendation to the President.
Does this site say the allegations are true?
No. The memorandum describes allegations and a process to review them. Trump’s Policy makes no finding on the allegations, does not describe Governor Cook’s position (the memorandum does not state it), and treats the linked whitehouse.gov page as the authority for what the memorandum says.
Where is the official whitehouse.gov source?
The primary official source for this explainer is https://www.whitehouse.gov/presidential-actions/2026/10/establishment-of-a-committee-of-inquiry-to-investigate-allegations-of-false-statements-by-lisa-denell-cook/. Linked official pages are the authority.

How to cite this page

Publisher: Trump’s Policy (independent official-source explainer). Not the White House and not a campaign.

Stated in the documents

  • The memorandum states that the President establishes a committee of inquiry to investigate allegations that Federal Reserve Governor Lisa D. Cook made false statements in connection with one or more mortgage instruments. These are allegations as described in the memorandum; this site makes no finding about them. Memorandum
  • It names three members: the Assistant to the President for Economic Policy, the Chairman of the Equal Employment Opportunity Commission, and the Director of the Office of Government Ethics. It says the committee may consult personnel from executive departments and agencies, including the Department of Justice. Memorandum
  • It directs the committee to report whether there is “cause” for Governor Cook’s removal within the meaning of 12 U.S.C. 242, which the memorandum says it reads as construed in Trump v. Cook, 146 S. Ct. 2234 (2026). It cites Article II, section 3 of the Constitution for the President’s role. Memorandum
  • It sets an in-person hearing at the White House on November 5, 2026, lasting no more than four hours, closed to the public but transcribed. It says the committee will give Governor Cook the evidence it is considering before the hearing. Memorandum
  • It says Governor Cook may file a written position statement received at least three days before the hearing, shall appear and be examined, and may present argument, written evidence, and written witness statements, with her counsel if any. It says the committee may request documents and that she shall comply. Memorandum
  • It says Governor Cook may file a post-hearing written statement by November 10, 2026, after which the committee is to submit written findings of fact and conclusions of law and recommend whether there is cause for removal. It says the committee may adjust procedures with adequate notice to her. Memorandum
  • It directs the Counsel to the President to transmit the memorandum to Governor Cook, the committee members, and the Attorney General, and directs the Attorney General to publish it in the Federal Register. Memorandum