Nearly 600 economists support the ruler Lisa Cook amid Trump’s dispute

Nearly 600 economists occurred Federal Reserve Governor Lisa Cook, focusing on the importance of protecting the independence of the central bank from political pressure.

Signatures – including Nobel Prize winner Joseph Steglitz and former President of Economic Advisors Jared Bernstein – warn that attempts to undermine Cook’s position can erode confidence in one of the most important economic institutions in the country.

Cook possible outcomes Trump controls the Federal Reserve

“A group of 590 economists arrived on Tuesday,” the recent general data about the ruler Cook – including removal threats and claim that they have been expelled – have arrived alongside unproven accusations. “

“This approach threatens the basic principle of the independence of the central bank and undermines confidence in one of the most important institutions of America,” the group added.

The ruler of the Federal Reserve, Lisa Cook, suits Trump

The letter was organized by Tatyana Deryugina, a participating financial professor at the University of Illinois in Urbana Chambin Donald Trump In the Federal Court after he moved to fire due to the mortgage allegations.

“This message was organized because I know that most economists learn and understand the importance of the independence of the central bank. But it may not be clear to the American public and at least some politicians are the importance of this independence for economic stability and what independence should appear to be the political impact in practical practice,” Derjina wrote in a statement to Fox News Digital.

“I wanted the message to clarify the consensus in the profession on the president, the Congress and the American audience,” Derjina added.

As, Trump says Cook was launched, effectively. But Cook and her lawyers argue that Trump has no legal authority to remove it. Thus, the unprecedented issue is likely to be linked to supreme court.

Trump says he is “always” ready for legal fighting as the Federal Reserve Governor’s lawsuit was overthrown

Cook was appointed a historical history first, as she became the first black woman working as a ruler in the Federal Reserve Council, known as the Federal Reserve.

Now, its potential removal from that same painting can put another historical history first.

The Federal Reserve consists of seven members, or rulers, nominated by the president and confirmed by the Senate. This committee is a central banker in charge of planning the nation’s economic path.

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The Federal Reserve has designed to determine politics, giving adult members for 14 years, longer than any presidency, to protect the institution from partisan influence.

The term Cook continues on the Federal Reserve until January 2038.