Many well-known economists are in solidarity with Federal Reserve Governor Lisa Cook after US President Trump sought to fire her for suspected mortgage fraud. Nearly 600 economists signed an open letter supporting Cook, saying that the threshold for removing the Federal Reserve governor is very high, and elected officials should avoid actions that erode the independence of the Federal Reserve. The open letter was published on Tuesday and signed by Nobel laureates Claudia Golding and Paul Romer, Christina Romer, former chairman of the Obama Administration's Economic Advisory Committee, and Trevon Logan, a professor at Ohio State University who co-authored a paper with Cook.

Many well-known economists are in solidarity with Federal Reserve Governor Lisa Cook after US President Trump sought to fire her for suspected mortgage fraud. Nearly 600 economists signed an open letter supporting Cook, saying that the threshold for removing the Federal Reserve governor is very high, and elected officials should avoid actions that erode the independence of the Federal Reserve. The open letter was published on Tuesday and signed by Nobel laureates Claudia Golding and Paul Romer, Christina Romer, former chairman of the Obama Administration's Economic Advisory Committee, and Trevon Logan, a professor at Ohio State University who co-authored a paper with Cook.