A seal is seen before Federal Reserve Chairman Jerome Powell walks out to speak during a news conference following the Federal Open Market Committee meeting, Wednesday, Sept. 17, 2025, at the Federal Reserve Board Building in Washington. (AP Photo/Jacquelyn Martin)
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(AURN News) — Every living former Federal Reserve chair — including Alan Greenspan, Ben Bernanke and Janet Yellen — and top Republican economic officials are urging the Supreme Court not to let President Donald Trump remove Federal Reserve Governor Lisa Cook.
Federal Reserve Board of Governors member Lisa Cook listens during an open meeting of the Board of Governors at the Federal Reserve, June 25, 2025, in Washington. (AP Photo/Mark Schiefelbein, File)
In the 112-year history of the central bank, no president has ever removed a sitting governor.
A lower court has already blocked Trump’s move, saying it likely violated the law, but his administration is pressing Supreme Court justices to oust Cook immediately, even as her lawsuit continues.
Federal Reserve Chairman Jerome Powell walks off after a news conference following the Federal Open Market Committee meeting, Wednesday, Sept. 17, 2025, at the Federal Reserve Board Building in Washington. (AP Photo/Jacquelyn Martin)
The stakes are nothing less than the Fed’s independence. Economists warn that if Trump succeeds, the Fed’s credibility with global markets could collapse, undermining its ability to fight inflation and keep interest rates stable.
White House Correspondent Ebony McMorris is a native Washingtonian and University of South Carolina alumna. Her passion is mentoring young adults by teaching community empowerment and media education. She is an NAB member and board member of the Thurgood Marshall Center and was presented the President’s Lifetime Achievement Award for contributing more than 4,000 hours of community service under the Obama Administration.
