According to a public letter signed by nearly 600 economists, including Nobel laureates, attempts to remove Lisa Cook could undermine the Federal Reserve’s independence and face significant legal hurdles.
Nearly 600 economists reaffirmed support for Federal Reserve Governor Lisa Cook after Donald Trump called for her dismissal over alleged mortgage-loan fraud. The letter emphasized that removing a Fed governor requires a high legal threshold and urged elected officials not to compromise the central bank’s independence. Signatories include Nobel laureates Claudia Goldin and Paul Romer, former Council of Economic Advisers chair Christina Romer, and Ohio State professor Trevon Logan.