Trouble at the Fed: Investigation into Lisa Cook’s Academic Record Raises Questions

Lisa D. Cook is one of the world’s most powerful economists. She taught economics at Harvard University and Michigan State University and served on the Obama administration’s Council of Economic Advisers before being appointed, in 2022, to the Federal Reserve Board of Governors, which controls the interest rates and money supply of the United States.

Despite her pedigree, questions have long persisted about her academic record. Her publication history is remarkably thin for a tenured professor, and her published work largely focuses on race activism rather than on rigorous, quantitative economics. Her nomination to the Fed required Vice President Kamala Harris to cast a tie-breaking vote; by contrast, her predecessor in the seat, Janet Yellen, now Treasury secretary, was confirmed unanimously.

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Christopher F. Rufo is a senior fellow and director of the Initiative on Critical Race Theory at the Manhattan Institute and contributing editor of City Journal. He is the author of the new book, America's Cultural Revolution. Luke Rosiak is an investigative reporter for The Daily Wire and author of Race to the Bottom: Uncovering the Secret Forces Destroying American Public Education. This piece originally appeared on City Journal online and The Daily Wire.

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