A bipartisan roster of former Treasury secretaries, Federal Reserve chairs and other senior economic policymakers asked the Supreme Court to stop President Donald Trump from removing Fed Governor Lisa Cook, warning that the central bank’s independence and the economy’s stability are at risk.
In a friend-of-the-court brief filed Thursday, the former officials said allowing Cook’s dismissal while she contests her firing in court would weaken safeguards Congress put in place 90 years ago to shield the Fed from political pressure. “Doing so would expose the Federal Reserve to political influences, thereby eroding public confidence in the Fed’s…
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