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Hundreds Sign Letter Backing Fed Governor Amid Ouster Attempt
The Straits Times
|September 04, 2025
Nearly 600 economists have signed an open letter expressing support for Federal Reserve Governor Lisa Cook and US central bank independence, as she battles President Donald Trump's attempt to fire her.
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WASHINGTON — Nearly 600 economists have signed an open letter expressing support for Federal Reserve Governor Lisa Cook and US central bank independence, as she battles President Donald Trump's attempt to fire her.
"Good economic policy requires credible monetary institutions," said the letter, whose 593 signatories include Nobel laureates and former US government officials.
"Credible monetary institutions, in turn, require the independence of the Federal Reserve," the letter added.
The support came after Mr. Trump said on his Truth Social platform last week that he was immediately removing Dr. Cook over claims of mortgage fraud.
Dr. Cook, the first Black woman to serve on the Fed's board, is challenging her ouster in court.
Mr. Trump's move to unseat her is the latest in a stream of attacks against the Fed since he returned to the White House in January, aimed at getting the US central bank to cut interest rates.
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