US President Donald Trump has set up a committee to probe Federal Reserve Governor Lisa Cook over alleged "false statements" linked to mortgages, renewing efforts to oust her after prior setbacks.
The White House on Friday said the committee would hold an in-person hearing on November 5.
The move comes just months after the Supreme Court blocked Trump's attempt to fire Cook, saying he had failed to give her notice and a chance to answer allegations that she faced.
"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," Trump said in the statement, dated October 7.
The notice added that the hearing would take place at the White House and last no longer than four hours.
No president has removed a sitting Fed governor in the central bank's 113-year history, and Cook has rejected the White House's mortgage fraud allegations.
The Federal Reserve sets monetary policy for the world's largest economy independently from the White House.
In August, Trump announced he would remove Federal Reserve Governor Lisa Cook from her position, citing mortgage fraud allegations.
In a letter shared on Truth Social, Trump told Cook, "You are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately."
He said there was "sufficient cause" for her dismissal, citing a criminal referral alleging Cook signed conflicting mortgage documents for properties in Michigan and Georgia.
"It is inconceivable that you were not aware of your first commitment when making the second," Trump wrote.
"The American people must be able to have full confidence in the honesty of the members entrusted with setting policy and overseeing the Federal Reserve. In light of your deceitful and potentially criminal conduct in a financial matter, they cannot and I do not have such confidence in your integrity," he added.
The move came after Trump warned Cook that he would dismiss her if she did not step down.
Cook, who was nominated to the Fed's Board of Governors by former president Joe Biden in 2022, has previously denied any wrongdoing and said she has "no intention of being bullied to step down."
The allegations surfaced after Federal Housing Finance Agency chief Bill Pulte accused her of mortgage fraud and referred the matter to the Justice Department.
