Dan Schwab
@danschwab4.bsky.social
I’m an associate professor of economics at College of the Holy Cross in Worcester, MA, interested in labor and environmental topics.
Reposted by Dan Schwab
This action by Lisa Cook is courageous, principled, and deserves broad support.
Just received this statement from Lisa Cook:
"President Trump purported to fire me 'for cause' when no cause exists under the law, and he has no authority to do so. I will not resign. I will continue to carry out my duties to help the American economy as I have been doing since 2022."
"President Trump purported to fire me 'for cause' when no cause exists under the law, and he has no authority to do so. I will not resign. I will continue to carry out my duties to help the American economy as I have been doing since 2022."
President Trump said he is firing Lisa Cook, a Federal Reserve governor, "effective immediately." It's his most direct assault yet on Fed independence -- and a step that it is far from clear he can legally take.
www.nytimes.com/2025/08/25/u... #EconSky
www.nytimes.com/2025/08/25/u... #EconSky
August 26, 2025 at 3:08 AM
This action by Lisa Cook is courageous, principled, and deserves broad support.