Ex-Fed, Treasury Chiefs Urge Supreme Court to Protect Cook

A bipartisan group of former top economic officials — including ex-Fed chairs Alan Greenspan, Ben Bernanke and Janet Yellen, several former Treasury secretaries and CEA chiefs — filed an amicus brief urging the Supreme Court to keep Federal Reserve Governor Lisa Cook in her post while her lawsuit challenging President Trump’s attempt to fire her proceeds. They warned that immediately removing Cook would politicize the Fed, erode public confidence, and jeopardize its credibility and ability to fight inflation. Courts so far have blocked the ouster: a district judge found the firing likely unlawful and an appeals court issued a preliminary injunction keeping Cook in place and allowing her to participate in the Fed’s recent rate decision. The administration has appealed to the Supreme Court seeking immediate removal while the underlying case continues; Cook denies allegations of mortgage fraud that motivated the firing, and critics say the White House is attempting to reshape the Fed to push for quicker rate cuts.