Nearly 600 economists call for defending the independence of the Federal Reserve, signing an open letter in support of Cook

ChainCatcher news, according to Jinshi reports, many renowned economists have voiced their support for Federal Reserve Governor Lisa Cook, after U.S. President Trump sought to dismiss her over alleged mortgage fraud. Nearly 600 economists signed an open letter supporting Cook, stating that the threshold for removing a Federal Reserve governor is very high, and elected officials should avoid actions and statements that undermine the independence of the Federal Reserve. This open letter was published on Tuesday, with signatories including Nobel laureates Claudia Goldin and Paul Romer, former Chair of the Council of Economic Advisers under the Obama administration Christina Romer, and Ohio State University professor Trevon Logan, who co-authored papers with Cook.