In J. Marte, in Bloomberg:
Prominent economists are rallying behind Federal Reserve Governor Lisa Cook after President Donald Trump moved to fire her based on allegations that she committed mortgage fraud.
Nearly 600 economists have signed an open letter backing Cook, saying there is a high bar for removing Fed governors and that elected officials should refrain from actions and rhetoric that erode the central bank’s independence.
The letter, released Tuesday, included signatures from Nobel laureates Claudia Goldin and Paul Romer. It was also signed by Christina Romer — who served as chair of President Barack Obama’s Council of Economic Advisers — and Trevon Logan, an Ohio State University professor who has co-authored papers with Cook.
The letter is here.
