Former Fed chairs, Treasury and CEA heads file Supreme Court brief backing Lisa Cook

Core Argument - The amicus brief filed in the Supreme Court supports Lisa Cook's position at the Federal Reserve, arguing against her immediate removal while an investigation is ongoing [2][3][5]. Group 1: Signatories and Support - The brief is signed by every living former Fed chair and several former Treasury secretaries from both parties, indicating strong bipartisan support for Cook [2][4]. - Notably absent are economic officials from the first Trump administration, highlighting a potential political divide [4]. Group 2: Implications of Removal - The argument emphasizes that removing Cook would undermine the Federal Reserve's independence and expose it to political influences, which could damage public confidence in its operations [3][6]. - The signatories assert that the Federal Reserve's independence is crucial for maintaining control over the fiat currency and ensuring effective monetary policy [6][7]. Group 3: Nature of the Argument - The brief's focus is narrow, advocating for Cook to remain on the board during the investigation rather than dismissing the allegations against her [5][7]. - The signatories argue that a politically influenced Fed could lead to manipulation of the currency, threatening the stability of U.S. economic policy and global reliance on the dollar [7].