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
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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.
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