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2026-11-05 10:48:26
[White House Postpones Hearing on Fed Governor Cook's Dismissal to December 14] (1) White House officials said Wednesday evening that the White House Commission has postponed the hearing with Federal Reserve Governor Lisa Cook, originally scheduled for Thursday, to December 14. The postponement was at Cook's request, and it is unclear whether she will attend. (2) The hearing aims to investigate whether allegations of Cook making false statements in mortgage applications are sufficient grounds for Trump to dismiss her. Trump attempted to dismiss Cook in August 2025 but was unsuccessful. (3) Cook's lawyer, Lowell, previously stated that the fairness and objectivity of the commission must be addressed before the hearing; and Cook will be attending a financial and monetary policy conference in Europe before December to fulfill her duties as a governor. (4) Trump established the commission in early October, whose members include Kevin Hassett, Andrea Lucas, and Keith Sandlin, to investigate and report on whether there are any grounds for dismissal as referred to in the Supreme Court's June ruling. (5) Cook denies wrongdoing, arguing that the mortgage statement allegations are just a pretext and that the real reason is that she refused to vote for an interest rate cut as Trump demanded. (6) In June, the Supreme Court ruled to temporarily block the dismissal of Cook, but did not determine whether Trump ultimately had the right to dismiss the Federal Reserve governor; the ruling stated that Cook had not been given due process and could remain in office while the proceedings continue. Trump's establishment of the commission may be aimed at demonstrating to the Supreme Court that Cook had received due process.
