By Mark Glennon | 1 April 2022
WIRE POINTS — The United States Senate on Tuesday voted to advance Lisa Cook’s nomination by President Biden to the Federal Reserve Board after a committee deadlocked on her nomination earlier this month. Cook is currently an Executive Committee member of the regional Chicago Federal Reserve Bank Board of Directors. As a member of the national Federal Reserve Board, she would have key influence on the Fed’s monetary policy, which is supposed to be about price stability, i.e., controlling inflation.
In 2020, you may recall that the Chicago Fed bowed to the cancel mob in a particularly egregious manner by cutting ties with a prominent University of Chicago economics professor, Harald Uhlig. We wrote about it here.
What was Uhilg’s sin? He wrote a series of tweets criticizing Black Lives Matters’ call to defund police departments. That’s all.
Cook was one of the leaders in the resulting character assassination that led to firing Uhlig. She said free speech “should have its limits” and accused Uhlig of using it to “spread hatred and violate the dignity of other people.” […]