{"id":2491149,"date":"2025-09-25T16:45:01","date_gmt":"2025-09-25T20:45:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-federal-reserve-chairs-file-friend-of-the-court-brief-in-favor-of-lisa-cook\/"},"modified":"2025-09-25T16:45:46","modified_gmt":"2025-09-25T20:45:46","slug":"former-federal-reserve-chairs-file-friend-of-the-court-brief-in-favor-of-lisa-cook","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-federal-reserve-chairs-file-friend-of-the-court-brief-in-favor-of-lisa-cook\/","title":{"rendered":"Former Federal Reserve chairs file &#8216;friend-of-the-court&#8217; brief in favor of Lisa Cook"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fformer-federal-reserve-chairs-file-friend-of-the-court-brief-in-favor-of-lisa-cook%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2491149&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The article reports that all living former Federal Reserve chairs have joined other prominent U.S. economic advisers in filing a friend-of-the-court brief supporting Federal Reserve governor Lisa Cook. They urged the Supreme Court to reject President Donald Trump&#8217;s emergency request to allow his removal of Cook from the Fed Board, arguing that doing so would undermine the central bank&#8217;s independence and public confidence.The brief emphasizes that Federal Reserve independence is crucial for <a href=\"https:\/\/amzn.to\/3YuVZYV\" >maintaining low inflation<\/a> and borrowing costs. Signatories include former Fed chairs Janet Yellen, Ben Bernanke, and Alan Greenspan, as well as several former Treasury Secretaries. Simultaneously occurring,Cook&#8217;s legal challenge to her removal continues in lower courts,with her lawyers required to respond to the Supreme Court by a deadline. <br \/> <!DOCTYPE html><br \/>\n<?xml encoding=\"utf-8\" ?><html><body><\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Former Federal Reserve chairs file &lsquo;friend-of-the-court&rsquo; brief in favor of Lisa Cook<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2240271\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>All living former chairs of the<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/federal-reserve\/\" target=\"_blank\" rel=\"noreferrer noopener\"> Federal Reserve<\/a> urged the Supreme Court to rule in favor of keeping Federal Reserve governor <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/lisa-cook\/\" target=\"_blank\" rel=\"noreferrer noopener\">Lisa Cook<\/a> on the board, filing a friend-of-the-court brief with other top U.S. economic advisers.<\/p>\n<p>President Donald Trump filed an emergency docket on Sept. 18 asking the Supreme Court to rule on whether he has the authority to fire Cook from her position on the Federal Reserve Board. Cook&rsquo;s lawyers have to respond to the court before 4 p.m. Thursday. Meanwhile, Cook&rsquo;s lawsuit against Trump&rsquo;s ordered removal of her is playing out in lower courts.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/3825124\/democrats-decry-white-house-intimidation-omb-shutdown-layoffs\/\">Democrats decry White House layoff threat as &lsquo;intimidation&rsquo; ahead of shutdown deadline<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/world\/3824736\/israel-launches-largest-strike-against-yemen-yet-after-drone-attack\/\">Israel launches largest strike against Yemen yet after drone attack<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/presidential\/3464666\/where-2028-presidential-contenders-visit-early-primary-states\/\">Here&#8217;s where possible 2028 presidential contenders are going as they <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/possible-2028-presidential-candidates-visit-early-primary-states\/\" title=\"Possible 2028 presidential candidates visit early primary states\">visit early primary states<\/a><\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>The friend-of-the-court <a href=\"https:\/\/www.supremecourt.gov\/DocketPDF\/25\/25A312\/376844\/20250925093950081_25A312%20-%20Amicus%20Br.%20in%20Opposition%20to%20Application.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">brief<\/a>, pleading with the court to maintain the status quo, has 18 listed signatories. It was submitted by counsel from the signatories, Covington &amp; Burling LLP.<\/p>\n<p>The signers urged the court to deny the Trump administration&rsquo;s request for a stay, &ldquo;because allowing the removal of Governor Lisa D. Cook while the challenge to her removal is pending would threaten that independence and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gop-senators-hold-the-line-on-for-the-people-act\/\" title=\"GOP senators hold the line on For the People Act\">erode public confidence<\/a> in the Fed,&rdquo; the writers of the brief <a href=\"https:\/\/www.supremecourt.gov\/DocketPDF\/25\/25A312\/376844\/20250925093950081_25A312%20-%20Amicus%20Br.%20in%20Opposition%20to%20Application.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">said<\/a>.<\/p>\n<p>The writers <a href=\"https:\/\/www.supremecourt.gov\/DocketPDF\/25\/25A312\/376844\/20250925093950081_25A312%20-%20Amicus%20Br.%20in%20Opposition%20to%20Application.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">listed<\/a> several reasons why Federal Reserve independence is important, including a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bank-of-canada-hikes-interest-rate-becomes-first-major-central-bank-to-say-theyll-hold-off-further-increases\/\" title=\"Bank of Canada Hikes Interest Rate, Becomes FIrst Major Central Bank to Say They\u2019ll Hold Off Further Increases\">lower inflation rate<\/a> and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/turkeys-lira-sinks-again-as-erdogan-cites-islamic-sharia-law-to-defend-economic-management\/\" title=\"Turkey\u2019s Lira Sinks Again as Erdogan Cites Islamic Sharia Law to Defend Economic Management\">lower borrowing costs<\/a>.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3820635\/jerome-powell-siege-trump-cheap-shot-federal-reserve-political\/\" target=\"_blank\" rel=\"noreferrer noopener\">JEROME POWELL, UNDER SIEGE BY TRUMP, SAYS IT&rsquo;S A &lsquo;CHEAP SHOT&rsquo; TO CALL FED POLITICAL<\/a><\/strong><\/p>\n<p>&ldquo;Granting the government&rsquo;s request to remove Governor Cook from the Board immediately would upset these longstanding protections and the essential functions they serve,&rdquo; the brief said. &ldquo;Doing so would expose the Federal Reserve to political influences, thereby eroding public confidence in the Fed&rsquo;s independence and jeopardizing the credibility and efficacy of U.S. monetary policy.&rdquo;<\/p>\n<p>The signatories include former Federal Reserve chairs Janet Yellen, Ben Bernanke, and Alan Greenspan, who each independently served from 1987 to 2018. Former Treasury Secretaries Robert Rubin,&nbsp;Lawrence Summers,&nbsp;Hank Paulson,&nbsp;Tim Geithner,&nbsp;and&nbsp;Jacob Lew also signed the brief. Yellen was also Treasury Secretary under President Joe Biden after her term on the board of governors.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script> <\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ex-Fed chairs back Lisa Cook in Supreme Court brief<\/p>\n","protected":false},"author":3976,"featured_media":2491151,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/09\/AP25238487134020.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[33651,538],"tags":[32663,64068,32844,61989,38541],"class_list":["post-2491149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","category-washington-examiner","tag-federal-reserve","tag-friend-of-the-court","tag-legal-brief","tag-lisa-cook","tag-monetary-policy"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/09\/AP25238487134020.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2491149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3976"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2491149"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2491149\/revisions"}],"predecessor-version":[{"id":2491153,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2491149\/revisions\/2491153"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2491151"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2491149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2491149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2491149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}