US EditionGreenspan, Bernanke and Yellen urge Supreme Court to let Lisa Cook keep her job as a Fed governor
A bipartisan coalition of former Fed chairs, Treasury secretaries, and economists warn that firing Cook threatens Federal Reserve independence and U.S. monetary policy credibility.
- On Thursday, a bipartisan group of former Fed chairs, Treasury secretaries and economists filed an amicus brief urging the U.S. Supreme Court to keep Federal Reserve governor Lisa Cook in place, listing 18 signatories.
- Last month President Donald Trump sought to fire Federal Reserve governor Lisa Cook over allegations involving two properties in Michigan and Georgia, prompting Cook to sue and lower federal courts to block her removal.
- Led by former chairs Greenspan, Bernanke and Yellen, the signers including former Treasury secretaries Paulson, Summers, Rubin and Geithner warned removal would politicize the Fed and harm its 2% inflation fight.
- Cook must respond by Thursday at 4 p.m. as Supreme Court justices weigh the DOJ’s emergency appeal while two federal courts have kept Cook on the board, where she voted to cut a key interest rate by one-quarter.
- For the first time in the Fed's history, a president has tried to remove a sitting governor, risking erosion of safeguards Congress established years ago and long-term economic harm, signers warned.
95 Articles
95 Articles
Fed's Lisa Cook urges Supreme Court to reject Trump's attempt to fire her
Federal Reserve Governor Lisa Cook has requested that the US Supreme Court deny President Donald Trump’s unprecedented bid to remove her from the Central Bank’s board. Cook’s lawyers filed a response opposing the Trump administration’s emergency request to lift a federal court order that prevented her removal while litigation continues.
Fed’s Lisa Cook urges US Supreme Court to block Trump’s attempt to remove her
WASHINGTON: Federal Reserve Governor Lisa Cook on Thursday (Sep 25) asked the US Supreme Court to reject President Donald Trump’s attempt to fire her, saying the unprecedented move would undermine
Former Federal Reserve commissioners file 'friend-of-the-court' brief in favor of Lisa Cook
All living former chairs of the Federal Reserve urged the Supreme Court to rule in favor of keeping Federal Reserve governor Lisa Cook on the board, filing a friend-of-the-court brief with other top U.S. economic advisers. President Donald Trump filed an emergency docket on Sept. 18 asking the Supreme Court to rule on whether he has the authority to fire Cook from her position on the Federal Reserve Board. Cook’s lawyers have to respond to the c…
Fed's Lisa Cook urges Supreme Court to reject Trump's bid to fire her
Federal Reserve Gov. Lisa Cook urged the Supreme Court on Thursday to reject Donald Trump's attempt to fire her, telling the justices the Republican president's unprecedented move would destroy the central bank's independence and disrupt financial markets.
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