MEMORANDUM FOR THE ATTORNEY GENERAL THE COUNSEL TO THE PRESIDENT THE ASSISTANT TO THE PRESIDENT FOR ECONOMIC POLICY THE DIRECTOR OF THE OFFICE OF GOVERNMENT ETHICS THE CHAIRMAN OF THE EQUAL EMPLOYMENT OPPORTUNITY COMMISSION By the authority vested in me as President by the Constitution and the laws of the United States of America, I 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.
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 shall serve as members of the Committee. As President, it is my job to ensure the laws are faithfully executed, including by firing subordinates who cannot be trusted to tell the truth and follow the law. U. S. Const. Art. II, sec. 3.
To assist me in carrying out that responsibility, the Committee shall investigate the allegations against Governor Cook and report to me whether there is “cause” for Governor Cook’s removal within the meaning of 12 U. S. C. 242, as construed in Trump v. Cook , 146 S. Ct. 2234 (2026). The Committee may consult with appropriate personnel from executive departments and agencies, including the Department of Justice, to aid in its inquiry. The Committee shall, on November 5, 2026, conduct an in-person hearing to consider the evidence and allegations against Governor Cook.
The hearing shall occur at the White House and shall last no longer than 4 hours. Governor Cook may submit a written position statement to the Committee regarding the allegations, provided the statement is received at least 3 days before the hearing. Governor Cook shall appear at the hearing and be examined by the Committee, its representatives, and her legal…