Nearly 600 economists have signed an open letter in support of Cook, calling for the defense of the independence of the Federal Reserve
2025-09-02 15:18:14
Prominent economists have rallied behind Lisa Cook, the Federal Reserve governor, after President Donald Trump sought to sack her over alleged mortgage fraud. Nearly 600 economists signed a letter in support of Mr. Cook, saying the bar for removing a Fed governor is high and elected officials should refrain from words and actions that erode the Fed's independence. The letter, published on Tuesday, was signed by Nobel laureates Claudia Goldin and Paul Romer, Christina Romer, who chaired the Obama administration's Council of Economic Advisers, and Trevon Logan, an Ohio State University professor who co-authored papers with Mr. Cook.
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