Fed’s independence in flux as Supreme Court weighs Lisa Cook’s ouster
Fed’s independence in flux as Supreme Court weighs Lisa Cook’s ouster
- January 21, 2026
- Gary Richardson, economics, The New York Times, Jan. 21, 2026
-----
Ms. Cook’s future at the Fed is not the only thing at stake. If the Supreme Court sides with Mr. Trump, legal experts warn that the independence of the central bank could be in jeopardy. “We are at the top of a slippery slope,” said Gary Richardson, who served as the Fed’s historian and is now an economics professor at the University of California, Irvine. “The Supreme Court will push us further down that slope if the justices rule against Cook.”
For the full story, please visit https://www.nytimes.com/2026/01/21/us/politics/fed-independence-supreme-court.html.
-----
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Related News Items
- Careet RightHow would the markets react to fewer Fed meetings?
- Careet Right'WarshGPT': How Wall Street is adapting to the Fed's new era of communication
- Careet RightScholars explore central bank independence, structure and future risk at Hoover monetary policy conference
- Careet RightWhat is the Treasury-Fed Accord of 1951, and why is it important?
- Careet RightLos Angeles County restaurants struggling to keep up with inflating cost of food