Nearly 600 economists have called for defending the independence of the Fed, jointly signing an open letter in support of Cook.

GateUser-6433627c · 2025-09-02T15:18:12+00:00

Nearly 600 economists publicly support Federal Reserve Board of Governors Lisa Cook, opposing Trump’s attempt to fire her due to mortgage fraud, emphasizing the importance of maintaining the independence of the Fed. Signatories include several Nobel Prize winners and former government economic advisors.

GateUser-6433627c

2025-09-02 15:18:12

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On September 2, many well-known economists voiced their support for Federal Reserve Board Governor Lisa Cook, after U.S. President Trump sought to dismiss her over allegations of mortgage fraud. Nearly 600 economists signed an open letter supporting Cook, stating that the threshold for removing a Federal Reserve governor is very high, and elected officials should avoid actions and rhetoric that undermine the independence of the Fed. This open letter was published on Tuesday, with signatories including Nobel laureates Claudia Goldin and Paul Romer, former chair of the Obama administration's Council of Economic Advisers Christina Romer, and Ohio State University professor Trevon Logan, who co-authored papers with Cook. (Jin10)

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