The Supreme Court blocked President Trump from firing Federal Reserve Governor Lisa Cook in June 2026. The high court ruled 5-4 that she had not been given enough time to answer the accusations against her. This decision ended a long legal fight that started when Trump tried to remove her from her post last August. Now the White House has created a new committee to handle the process. This move appears to give Cook the chance to defend herself that the court said she was owed. The committee will hold its first hearing on November 5, 2026. This event will take place at the White House. It will last no more than four hours. The hearing will be closed to the public. However, a full transcript will be made available. Cook must submit a written statement before the hearing begins. Her deadline is three days prior to the event. She will be allowed to present written evidence during the session. She can also offer witness statements to support her case. Lawyers from the Department of Justice will question her directly. Three White House staffers will serve on this investigative committee. One of them is Kevin Hassett. He leads the National Economic Council. Hassett was once considered to replace Jerome Powell as Fed Chair. The White House announced these details in a notice dated October 7. The administration released this information on Friday. Cook previously denied the allegations against her. Her attorneys sent a letter to the White House on August 26. They stated that she did not commit mortgage fraud. The White House claims she lied about where she lived. They say she listed homes in Atlanta and Michigan as her primary residence. These were separate mortgage agreements. The administration alleges she later rented out the Atlanta property. Cook’s legal team argues this was a simple mistake. They say she sought financing for the Atlanta home as a vacation property. They insist she always identified Michigan as her permanent home. After the hearing concludes, Cook will submit another written statement. The committee will then review all the evidence. They will make a recommendation to President Trump. The recommendation will address whether there is cause to remove her. This process aims to resolve the dispute through proper channels. It follows the strict timeline set by the judicial ruling. The outcome will determine if Cook stays at the Federal Reserve. The focus remains on the accuracy of her loan applications. The committee will decide if her actions warrant termination. The public will wait for the official transcript. The details of her defense will become clear then. The Federal Reserve’s independence is at stake in this review. The White House maintains its right to oversee agency leaders. Cook has maintained her position throughout this ordeal. The next step rests with the appointed committee members. They will weigh the evidence presented on both sides. The final decision will come from the President.