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Ex-Fed Chairs and Treasury Chiefs Urge Supreme Court to Block Trump’s Move to Oust Lisa Cook

They say a premature removal would damage the Federal Reserve’s independence, risking economic harm.

Overview

  • An amicus filing from 18 former officials urges the Court to deny the administration’s request to remove Cook while litigation continues.
  • Signatories include former Fed chairs Janet Yellen, Ben Bernanke and Alan Greenspan, plus ex–Treasury secretaries Henry Paulson, Lawrence Summers, Jacob Lew, Timothy Geithner and Robert Rubin.
  • The Justice Department has asked the Supreme Court to suspend a lower-court injunction so the White House can proceed with Cook’s removal.
  • Cook filed her Supreme Court response on Thursday asking the justices to reject the emergency bid and keep the injunction in place.
  • A district judge blocked the removal and a D.C. Circuit panel upheld that order 2–1, as the dispute centers on the undefined ‘for cause’ standard and uncharged mortgage residency allegations that Cook denies.