Nearly 600 economists sign open letter in support of Cook, calling for the defense of the independence of the Federal Reserve.

Many well-known economists have come out in support of Federal Reserve Board member Lisa Cook, who was previously sought to be fired by former President Trump for alleged mortgage fraud. Nearly 600 economists signed an open letter supporting Cook, stating that the threshold for removing a Federal Reserve Board member is very high, and elected officials should avoid taking actions that erode the independence of the Fed. This open letter was published on Tuesday, signed by Nobel laureates Claudia Goldin and Paul Romer, former chair of the Obama administration's Council of Economic Advisers Christina Romer, and Ohio State University professor Trevon Logan, who has co-authored papers with Cook.