White House Forms Committee to Probe Federal Reserve's Cook

• President Trump has formed a White House committee to probe Fed Governor Lisa Cook regarding mortgage fraud allegations.
• This action follows a prior attempt by Trump to fire Cook, which the Supreme Court ruled improper due to a lack of due process.
• The allegations against Cook involve minor mortgage fraud, which she claims was an inadvertent error, with other documents containing correct information.
• The legal standard for removing a Fed governor 'for cause' likely requires 'unfitness for office,' a high bar that will be litigated if Trump proceeds with another firing.

The video discusses President Trump's formation of a White House committee to investigate Federal Reserve Governor Lisa Cook over alleged mortgage fraud. This move is seen as part of Trump's ongoing efforts to challenge Fed officials, following a previous attempt to fire Cook that was deemed improper by the Supreme Court due to lack of due process. The legal battle is expected to continue, focusing on the 'for cause' standard for removal.