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Hundreds of economists sign open letter backing embattled Fed Governor Lisa Cook after Trump attacks
More than 450 economists, including Nobel laureates, warn that efforts to remove Fed Governor Lisa Cook risk undermining central bank independence and economic policy integrity.
- On Tuesday, more than 450 economists signed an open letter backing Federal Reserve Governor Lisa Cook, addressing the president, Congress and the American public.
- President Donald Trump moved to fire Federal Reserve Governor Lisa Cook on unproven mortgage fraud allegations years ago and has criticized the Federal Reserve for not lowering interest rates over the last few months.
- Among those signing were Nobel Laureates Joseph Stiglitz, Claudia Goldin, Paul Milgrom, Paul Romer, former Fed economists Janelle Jones, Claudia Sahm, Julia Coronado, and Federal Reserve Governor Lisa Cook, nominated in 2022 with a term until 2038.
- Cook has responded legally, suing Trump and alleging he violates the law by trying to fire her without `cause`, while White House spokesman Kush Desai said the President acted lawfully and Director Bill Pulte shared alleged video proof of Cook’s mortgage issues on Tuesday.
- Economists warned that Congress designed the Federal Reserve Act to insulate the Federal Reserve from day-to-day politics, cautioning this threatens central bank independence and undermines trust in the institution.
61 Articles
61 Articles
DOJ calls Lisa Cook's claim that Trump seeks her ouster to control Fed 'baseless'
The U.S. Justice Department is urging a federal judge to allow the immediate removal of Federal Reserve Governor Lisa Cook while she fights to keep her job, dismissing as “baseless″ Cook’s claim that the president is attempting to fire her so that he can seize control of the independent central bank
In an open letter, nearly 600 US scientists stand behind the Federal Reserve Governor Lisa Cook. Nobel laureate Joseph Stiglitz has also signed.
InsideNoVA.com
Economists back Fed Governor Cook as Trump attempts ouster
Nearly 600 economists have signed an open letter expressing support for Federal Reserve Governor Lisa Cook and US central bank independence, as Cook battles President Donald Trump's attempt to fire her.
Obama, Biden Economists Say Lisa Cook Should Stay at Federal Reserve Despite Alleged Mortgage Fraud
Roughly 600 economists, including former Biden and Obama staffers, signed an open letter pushing back on President Donald Trump's move to fire Federal Reserve governor Lisa Cook as the Trump administration shared a video about her mortgage fraud.
Nearly 600 economists, including several recipients of the Bank of Sweden Memorial Prize from Alfred Nobel, have signed a letter of support in recent days for the head of the Federal Reserve (Fed) Lisa Cook, threatened by Donald Trump to be dismissed.
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