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Colorado joins states defending Federal Reserve autonomy
ColoradoBiz Staff //October 29, 2025//
DENVER — Colorado has joined a coalition of states urging the U.S. Supreme Court to preserve the Federal Reserve‘s independence, arguing that allowing the president to remove a member of the board without due process would inject politics into monetary policy and threaten economic stability.
In Brief:
- Colorado joins 23 states in defending the Federal Reserve’s independence
- Filing urges Supreme Court to reject Trump’s removal request
- States argue political interference threatens economic stability
- Stable monetary policy vital for state budgets and taxpayers
The multistate brief comes in response to a request from President Donald Trump to immediately remove Federal Reserve Governor Lisa Cook. A lower court blocked the removal while the case, Trump v. Cook, continues. The coalition’s filing asks the Supreme Court to uphold that decision, emphasizing that the Federal Reserve’s autonomy is essential to protecting the nation’s long-term financial health.
The case centers on whether a president has the authority to dismiss a Federal Reserve board member without congressional approval or due process. The states contend that Congress established the Federal Reserve as an independent agency to shield it from political pressure that could destabilize markets, increase inflation and harm public confidence in the economy.
Colorado officials said maintaining the Federal Reserve’s independence is especially important for states that rely on stable economic forecasts to plan budgets, fund schools and deliver public services. Disrupting that independence, they argued, would make long-term financial planning more difficult and costly for taxpayers.
Attorneys general from 23 states and the District of Columbia joined Colorado in filing the brief, including Arizona, California, Connecticut, Delaware, Hawaii, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New Mexico, New York, North Carolina, Oregon, Rhode Island, Vermont, Washington and Wisconsin.
