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White House panel delays hearing on Fed's Lisa Cook to Dec. 14

CNBC • November 4, 2026 • business

Key Points:

A White House committee postponed a hearing with Federal Reserve Governor Lisa Cook to December 14, investigating allegations of false statements in mortgage applications that could justify her firing by President Trump.
The postponement was requested by Cook, whose lawyer raised concerns about the committee's fairness and noted scheduling conflicts due to her official duties in Europe.
Trump established the committee in October to investigate alleged false statements by Cook, following his unsuccessful attempt to fire her in August 2025, with the panel tasked to determine if there is cause for removal under federal law.
Cook denies any wrongdoing and has filed a lawsuit claiming Trump's firing attempt is a pretext related to her refusal to support lower interest rates, not the mortgage allegations.
The Supreme Court previously blocked Cook's firing pending her lawsuit, citing lack of due process, and the committee may be intended to provide that due process to justify potential removal.

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