Former Treasury Secretaries, Federal Reserve Board Chairs and Governors et al., Amici Curiae
The former treasury secretaries and Federal Reserve Board chairs and governors are joined in this brief by former Council of Economic Advisers chairs and economist, The following is excerpted from the Amici Curiae Brief in opposition to the application to stay the preliminary injunction as submitted to the U.S. Supreme Court on Sept. 25, 2025. Congress intentionally designed the Federal Reserve System as a uniquely independent entity, largely insulated from political pressures that could otherwise prioritize short-term economic gain over long-term stability and growth. There is broad consensus among economists, based on decades of macroeconomic research, that a more independent…
