In a presidential memo Wednesday, Trump announced that he’d set up a committee to oversee an investigation into whether Cook had made false statements in connection to one or more mortgage agreements.
Of course, Cook isn’t really Trump’s subordinate. In June, the Supreme Court blocked Cook’s removal, finding that the government had not afforded her due process. The ruling temporarily preserved the Federal Reserve’s independence.
It’s been more than a year since Trump first claimed that Cook—the first Black woman on the Federal Reserve board—had committed mortgage fraud by having two primary residences. Cook refused to step down and sued, stating that “President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so.”
Trump said the new committee will meet next month to “consider the evidence and allegations against Governor Cook.” Cook has not been charged with any crime.
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