Leading US economic policymakers over the past 35 years, including all living former Federal Reserve chairpeople, have urged the Supreme Court to allow Governor Cook to remain in office. Allowing Cook to be removed while her legal challenge is ongoing would mark a damaging erosion of safeguards established by Congress 90 years ago to safeguard the independence of the executive branch, the amicus curiae opinion warned.
Those who signed the opinion cited research showing that central banks can lower inflation and lower long-term interest rates by setting interest rates without considering short-term political factors. The brief was signed by former Federal Reserve Chair Alan Greenspan, Bernanke and Yellen. The 18 signatories also included presidential advisers to the following Republican and Democratic administrations, as well as leading economists from across the ideological spectrum: former Treasury secretaries Robert Rubin and Lawrence Summers, former Council of Economic Advisers chairpeople Glenn Hubbard and Greg Mankiw, among others.
All living former Federal Reserve chairpeople sign opinion urging the Supreme Court to protect the independence of the Federal Reserve
2025-09-25 14:59:43
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