Fed’s Cook doubles down on her role after SCOTUS wraps

Federal Reserve Governor Lisa Cook doubled down on the legitimacy of her role on the nation’s central bank Wednesday, stressing what she said was the importance of keeping the bank insulated against political pressures — in direct response to President Donald Trump and his months-long effort to fire her. “Research and experience show that Federal Reserve independence is essential to fulfilling the congressional mandate of price stability and maximum employment,” Cook said Wednesday following nearly two hours of Supreme Court oral arguments, centered on Trump’s attempt to fire her — and more narrowly, whether Cook can remain in her post pending review of her case on its merits. “That is why Congress chose to insulate the Federal Reserve from political threats, while holding it accountable f