Prominent economists are rallying behind Federal Reserve Governor Lisa Cook after President Donald Trump moved to fire her based on allegations that she committed mortgage fraud.
Nearly 600 economists have signed an open letter backing Cook, saying there is a high bar for removing Fed governors and that elected officials should refrain from actions and rhetoric that erode the central bank’s independence.
The letter, released Tuesday, included signatures from Nobel laureates Claudia Goldin and Paul Romer. It was also signed by Christina Romer — who served as chair of President Barack Obama’s Council of Economic Advisers — and Trevon Logan, an Ohio State University professor who has co-authored papers with Cook.
The letter is here.
Incidentally, Politico reports today that Labor Secretary Lori Chavez-DeRemer received two primary residence mortgages at the same time in 2021 like Lisa Cook.
And then there is Transportation Secretary Sean Duffy who got two primary residence mortgages.
And then there is EPA administrator Lee Zeldin who got two primary residence mortgages.
Apparently having two primary residences isn’t a crime.
On the other hand there is Texas Attorney General Ken Paxton who has three primary residence mortgages — two of which are rentals, which really is mortgage fraud. And to top it off he claimed two for the Texas homestead property tax exemption, which is also tax fraud.
So far Bill Pulte has seen fit only to snoop through FHFA records for Democrats.
If Lisa Cook or Adam Schiff or Leticia James committed crimes, where are the indictments? Remember that Trump spent 8 years claiming he had proof that Obama was born in Kenya. Don’t believe anything he says that you can’t verify with your own eyes.
Sorry, credit for the mortgage investigation above should go to ProPublica, not the execrable Politico. My bad.