
Greenspan, Bernanke and Yellen urge Supreme Court to let Lisa Cook keep her job as a Fed governor
Alan Greenspan, Ben Bernanke, Janet Yellen and other former top economic officials appointed by presidents of both parties are urging the Supreme Court to preserve the Federal Reserve’s political independence and allow Lisa Cook to remain as a central bank governor for now. The filing Thursday comes as the justices are weighing an emergency appeal from the administration to remove Cook while her lawsuit challenging her firing by President Donald Trump proceeds through the courts. The Fed board was designed to be largely independent from day-to-day politics. No president has fired a sitting Fed governor in the agency’s 112-year history.