Economists Issue Warning: Trump’s Attempt to Oust Cook Endangers Fed Independence

Nearly 600 economists have voiced their opposition to President Trump’s attempt to fire Federal Reserve Governor Lisa Cook, warning that such an action endangers the independence of the central bank and erodes trust in its critical role within the US financial system. The letter, addressed to Trump, Congress, and the public, stresses the importance of credible monetary institutions for sound economic policy, emphasizing that a stable and independent Fed is essential to sustained American economic strength.