Former Fed chiefs urge Supreme Court to block Trump firing Lisa Cook
Lisa Cook, on May 23, 2022, Washington, William Mcchesney Martin Jr. During a ceremony in the building, he receives an oath of office to serve as a member of the Board of Directors in the federal reserve system.
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Every former president of the Federal Reserve and a series of former Treasury secretary and former White House economic consultants called on the Supreme Court to prevent President Donald Trump from expeling the Fed Governor Lisa Cook on Thursday.
“The independence of the Federal Reserve within the limited authority given by the Congress to achieve the targets determined by the Congress itself is a critical feature of our national currency system.” He said.
Amicus Brief, “Governor Lisa D. Cook to allow the removal, while continuing to challenge the removal of independence and the confidence in the Fed will erode.” He said.
In short, Greenspan, Ben Bernanke, Janet Yellen; Former Treasury secretaries Robert Rubin, Larry Summers, Hank Paulson, Jack Lew and Timothy Geithner; former White House Economic Consultants Council Chairs Glenn Hubbard, Greg Mankiw, Christina Romer, Cecilia Rouse, Jared Bernstein and Jason Furman; and Tarullo from the former Fed governor.
Economists signed a summary in Ken Rogoff, Phil Gramm and John Cochrane.
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