cook

Oct. 14, 2026 10:49 AM PT

WASHINGTON — Federal Reserve governor Lisa Cook’s lawyers say that a committee set up by the White House last week to investigate an accusation against her is “demonstrably biased,” though they did not close the door on the possibility that she would appear before the panel.

Lawyer Abbe Lowell also said in a letter Tuesday that Cook would not be able to participate in a hearing Nov. 5 because she “will be executing her official duties as Governor at financial and monetary policy meetings in Europe.”

The earliest that Cook could appear before a “committee of inquiry” that the White House set up last Friday would be after the Fed’s policy meeting Dec. 8-9, the letter said. The letter was sent to William Scharf, a counsel to President Trump.

Lowell’s comments are the latest turn in the Trump administration’s extended efforts to fire Cook from her position as one of seven members of the Fed’s board of governors. Trump has accused Cook of committing mortgage fraud in 2021, before she joined the board, a claim she has denied. No criminal charges have been filed.

No president has fired a Fed governor before, a reflection of the Fed’s traditional independence from politics. Yet Trump, who has repeatedly demanded that the central bank lower its key interest rate, has taken numerous steps that economists say have threatened that independence. The Justice Department earlier this year sought to investigate then-Chair Jerome Powell over brief testimony he had given about an extensive building renovation, though a judge threw out subpoenas in the case and it was later dropped.

Cook was appointed by former President Biden and is the first Black woman on the Fed’s board.

Trump first tried to fire Cook in August 2025, but the Supreme Court ruled earlier this year she could remain in her position while litigation continued. The court also suggested, in a footnote to the ruling, that Trump could try again to fire her if the administration provided her adequate notice and an opportunity to respond. The committee of inquiry announced by the White House last Friday is an effort to meet those conditions.

Under the law governing the Fed, the president can only fire a Fed governor “for cause,” but the Supreme Court didn’t address whether Cook’s actions met that standard. The committee of inquiry will ultimately recommend whether there is cause to fire Cook, a White House memo last week said.

Lowell also said in the Tuesday letter that “we have significant concerns regarding the objectivity and fitness of the committee for its assigned purpose.”

One of its three members, Kevin Hassett, a top economic adviser to Trump, has already said the president has “cause” to fire Cook, the letter noted. The other two members — Labor Secretary Keith Sonderling and chair of the Equal Employment Opportunity Commission Andrea Rich — are also Trump appointees.

“A hearing with demonstrably biased members, unspecified additional allegations, and an unclear schedule for the disclosure of any additional evidence – with no explanation for why it was not previously produced – is not a process that respects the appearance or history of independence,” Lowell’s letter said.

Rugaber writes for the Associated Press.

Oct. 9, 2026 8:06 AM PT

WASHINGTON — President Trump opened another chapter in his effort to fire Federal Reserve Governor Lisa Cook Friday by establishing a “committee of inquiry” to investigate allegations that she made false statements in mortgage applications.

The inquiry will include a hearing at the White House Nov. 5, Trump said in a written memo, that Cook “shall” attend to answer questions from the committee. The hearing wouldn’t be public but a transcript would be published, the memo said.

Trump’s extraordinary demand that Cook testify before the committee will likely renew concerns about threats to the Federal Reserve’s independence as the president demands the central bank cut its key interest rate. Just last month, the Fed raised its key rate instead, led by Chairman Kevin Warsh, whom Trump appointed earlier this year.

“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 wrote in the memorandum.

Trump and some of his economic advisers have blamed the Fed’s broader rate-setting committee, which includes 12 voting members and 19 officials in total, for the rate hike. Cook is one of the 12 participants on the committee that votes on interest-rate decisions. The vote to lift rates Sept. 16 was unanimous.

The move follows a Supreme Court ruling in June that Cook could keep her job after Trump sought to fire her last year. That ruling included a footnote that said nothing prevented Trump from “trying again” as long as she was given proper notice and an opportunity to respond to the charges.

Cook has denied any wrongdoing and has not been charged with a crime.

Rugaber writes for the Associated Press.

With gas prices topping $6 a gallon and an unpopular war continuing in Iran, President Trump’s approval has slipped with California Republicans — a falloff that could diminish the party’s chances in the state’s few competitive congressional races.

A new poll by the UC Berkeley Institute of Governmental Studies, co-sponsored by The Times, found that 76% of Republican voters in the state approve of the president’s performance, down from 83% last year.

The president’s approval has softened even among those who still support his performance. Only 44% of Republicans in California said they strongly support Trump’s performance, down from 57% who said the same in August 2025.

That could translate into lower Republican turnout in the state’s few competitive races, said the poll’s director, Mark DiCamillo.

“Republicans are losing some of their enthusiasm in terms of being motivated to vote,” he said.

In addition, the more Trump tries to make the midterm elections about himself — such as the pro-Trump ads recently sponsored and paid for by the government — the more Democrats might be inclined to show up, said G. Cristina Mora, the UC Berkeley institute’s co-director.

“That might actually have a galvanizing effect on voters,” she said.

Trump’s sinking support in California mirrors a national decline in the president’s approval, even among Republicans.

The congressional map in the state was already challenging for Republicans after voters last year approved a referendum championed by Gov. Gavin Newsom to redraw districts to be more favorable for Democrats — a response to similar efforts by Republicans in Texas and other states.

In the new map, only four of the state’s 52 districts are currently considered safe Republican districts, while three additional districts are seen as competitive, according to the Cook Political Report, a nonpartisan political handicapper.

The remaining 45 districts are seen as either likely or solidly Democratic in a state where Democrats hold a roughly 20% advantage in party registration.

Only one race is considered by Cook to be a true toss-up — California’s 22nd Congressional District in the Central Valley, which is held by Republican Rep. David Valadao.

“We’re looking at the best case scenario for Democrats at this point,” said Erin Covey, Cook’s U.S. House editor.

Valadao, one of only 10 Republicans to vote for Trump’s impeachment in the wake of the Jan. 6, 2021, insurrection, faces progressive Democrat Randy Villegas, a political science professor who has the backing of Bernie Sanders. The Vermont senator is joining Villegas this weekend for a rally in Bakersfield.

Valadao first won a seat in Congress in 2012, but was ousted from office during the Democrats’ “blue wave” election in 2018, in which the party gained 40 seats in the House in the first election after Trump took office in 2016. Valadao was able to win back his seat in 2020 and has held it since.

There has been scant public polling in the race, but a poll conducted in June by a political committee backing Villegas showed the Democrat holding a 4-point lead over Valadao.

Two other congressional districts in the state are listed by Cook as leaning Democratic:

• California’s 48th Congressional District in Riverside and San Diego counties, now held by Republican Rep. Darrell Issa, who opted to retire rather than seek reelection in the redrawn district.
• California’s 13th Congressional District in the San Joaquin Valley, where Democratic Rep. Adam Gray is trying to fend off a challenge from Republican Kevin Lincoln, the former mayor of Stockton.

Trump’s approval also dipped among Black and Latino voters in the poll. Both groups were part of Trump’s winning coalition in the 2024 presidential election.

The poll also found broad disapproval of two signature Trump administration policies.

It found that 70% of California voters disapprove of Trump’s decision to go to war in Iran, including 1 in 5 Republicans.

Also, 70% of California voters believe that the president’s immigration policies are hurting California’s economy and local businesses, including 1 in 5 Republicans.

The poll was conducted online in English and Spanish between Sept. 15 and Sept. 20 and included the opinions of 6,989 registered California voters. The margin of error is plus or minus 1.5 percentage points.