After former US President Donald Trump tried to fire Federal Reserve Governor Lisa Cook on suspicion of mortgage fraud, well-known economists expressed support for Cook. Nearly 600 economists signed an open letter of solidarity with Cook. The letter stated that the threshold for removing a Federal Reserve governor is extremely high, and elected officials should avoid actions or statements that could weaken the central bank's independence. The open letter, which was published on Tuesday, was signed by Nobel laureates Claudia Golding and Paul Romer. Additionally, Christina Romer, who was the chairman of the Economic Advisory Committee of former US President Barack Obama's administration, and Trayvon Logan, an Ohio State University professor who co-authored a paper with Cook, also signed the letter.

After former US President Donald Trump tried to fire Federal Reserve Governor Lisa Cook on suspicion of mortgage fraud, well-known economists expressed support for Cook. Nearly 600 economists signed an open letter of solidarity with Cook. The letter stated that the threshold for removing a Federal Reserve governor is extremely high, and elected officials should avoid actions or statements that could weaken the central bank's independence. The open letter, which was published on Tuesday, was signed by Nobel laureates Claudia Golding and Paul Romer. Additionally, Christina Romer, who was the chairman of the Economic Advisory Committee of former US President Barack Obama's administration, and Trayvon Logan, an Ohio State University professor who co-authored a paper with Cook, also signed the letter.