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Over 500 Economists Pen Open Letter Backing Cook, Urging Defense of Fed Independence
2 week ago /
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Author：小编
Over 500 distinguished economists have collectively issued an open letter in support of Lisa Cook, a member of the Federal Reserve Board. The letter opposes President Trump's attempts to dismiss Cook over alleged mortgage fraud charges. The economists underscore that the bar for removing a Fed Board member is exceptionally high and warn against elected officials compromising the independence of the Federal Reserve. Notable signatories include several Nobel laureates and former Fed economists. Trump's actions have drawn widespread criticism for jeopardizing the Fed's independence and eroding public trust.
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