Hundreds of economists sign open letter backing embattled Fed Governor Lisa Cook after Trump attacks [View all]
Source: The Independent
Tuesday 02 September 2025 17:23 BST
More than 450 economists, including several Nobel Prize winners, have signed a letter in support of Federal Reserve Governor Lisa Cook, whom President Donald Trump has sought to oust on unproven allegations of mortgage fraud. The letter condemns elected officials for engaging in “rhetoric or actions that erode the Federal Reserve’s independence,” and specifically cites Trump’s recent unproven claims about Cook.
“Recent public statements about Governor Cook—including threats of removal and a claim that she has been fired—have arrived alongside unproven accusations,” the hundreds of economists said in the letter.
Trump moved to fire Cook on unproven claims that Cook committed mortgage fraud years ago by claiming two primary residences on loan applications. The allegation stems from Bill Pulte, the director of the Federal Housing Finance Agency, who has launched similar claims at notable Trump opponents.
Cook, who remains in her position, has sued Trump, claiming he is violating the law by trying to fire her because Federal Reserve governors can only be removed with “cause.”
Read more: https://www.independent.co.uk/news/world/americas/us-politics/lisa-cook-trump-federal-reserve-economists-b2818581.html
Link to latest court FILING (PDF) - https://storage.courtlistener.com/recap/gov.uscourts.dcd.284270/gov.uscourts.dcd.284270.17.0_4.pdf
Link to LETTER (PDF viewer) - https://tatyanaderyugina.github.io/fed-open-letter/
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