Fed Governor Cook: Pleased with Supreme Court ruling, will defend Fed independence

CoinFeed June 29 news, Federal Reserve Governor Cook said: "This matter (mortgage fraud charges) is by no means about the mortgage documents I signed before becoming a Fed governor. This is purely a conspiracy to remove me from office, with a completely fabricated excuse; I am targeted because I refused to bow to political pressure and insisted on making interest rate policy decisions based solely on considerations that are best for the American people. And this is precisely the most fundamental duty of a Fed governor. Today's ruling reaffirms a principle that underpins generations of sound economic management: the Federal Reserve must make all policy decisions based on evidence and independent judgment, free from political interference." "The Supreme Court's decision to uphold the lower court's order and confirm the necessity of following due process and having just cause; this decision recognizes that the Fed's independence is crucial to achieving the congressional mandates of price stability and full employment."