Roughly 600 economists, including former Biden and Obama staffers, signed an open letter pushing back on President Donald Trump’s move to fire Federal Reserve governor Lisa Cook as the Trump administration shared a video about her mortgage fraud.
The signatories include Nobel Laureates Joseph Stiglitz and many former Fed economists as well as Christina Romer and Jared Bernstein, who chaired the U.S. Council of Economic Advisers under Presidents Barack Obama and Joe Biden, respectively.
Trump last week removed Cook from her position for alleged mortgage fraud. The economists said that Congress crafted the Federal Reserve Act to ensure that the…
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