Over-Cooked: The Establishment’s Fragile Case for Blocking Trump’s Removal of Lisa Cook

A bipartisan who’s who of the economic establishment has fired a fusillade of foolscap at the Supreme Court, insisting that President Trump must not be allowed to remove Fed Governor Lisa Cook. The amici brief they filed last week reads like a high-toned civics lesson: the Federal Reserve must be protected from political interference lest inflation expectations come unmoored, credibility collapse, and the economy careen into chaos.

This is serious company. The signatures include every living former Fed chair —Greenspan, Bernanke, Yellen—plus six former Treasury secretaries, a platoon of Council of Economic Advisers veterans, and academics from Hoover to Harvard. The legal filing was prepared by

See Full Page