Lisa Cook takes the oath of bureau to service arsenic a subordinate of the Board of Governors astatine the Federal Reserve System during a ceremonial astatine the William McChesney Martin Jr. Building of the Federal Reserve May 23, 2022 successful Washington, DC.
Drew Angerer | Getty Images
Every surviving erstwhile seat of the Federal Reserve, arsenic good arsenic a slew of ex-Treasury secretaries and erstwhile White House economical advisors, urged the Supreme Court connected Thursday to artifact President Donald Trump from firing Fed Governor Lisa Cook arsenic her suit challenging her removal proceeds.
The signers said successful a ineligible brief, "The independency of the Federal Reserve, wrong the constricted authorization granted by Congress to execute the goals Congress itself has set, is simply a captious diagnostic of our nationalist monetary system."
"Allowing the removal of Governor Lisa D. Cook portion the situation to her removal is pending would endanger that independency and erode nationalist assurance successful the Fed," the amicus little said.
Signers of the little included the erstwhile Fed chairs Alan Greenspan, Ben Bernanke, Janet Yellen; erstwhile Treasury secretaries Robert Rubin, Larry Summers, Hank Paulson, Jack Lew, and Timothy Geithner; erstwhile White House Council of Economic Advisers chairs Glenn Hubbard, Greg Mankiw, Christina Romer, Cecilia Rouse, Jared Bernstein, and Jason Furman; and erstwhile Fed Governor Dan Tarullo.
The economists Ken Rogoff, Phil Gramm, and John Cochrane also signed the brief.
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