The now-living former Federal Reserve chairman signed an opinion urging the Supreme Court to protect the Fed's independence.
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最新报道：According to the Bijie.com news website, leading U.S. economic policymakers from the past 35 years, including all living former Federal Reserve chairmen, have urged the Supreme Court to allow Federal Reserve Governor Tim Cook to continue in office. The amicus brief warns that allowing Cook's removal while her legal challenge is ongoing would mark a devastating erosion of the safeguards protecting executive branch independence established by Congress 90 years ago. The signatories cite research showing that central banks can reduce inflation and lower long-term interest rates by excluding short-term political considerations when setting interest rates. The brief is signed by former Federal Reserve Chairs Alan Greenspan, Ben Bernanke, and Janet Yellen. The 18 signatories also include presidential advisors from both Republican and Democratic administrations, as well as leading economists from across the ideological spectrum: former Treasury Secretaries Robert Rubin and Lawrence Summers, former Council of Economic Advisers Chairs Glenn Hubbard and Greg Mankiw, and others.
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