Yellen calls Trump’s Powell investigation ‘most disturbing’
Summary
Janet Yellen, who was Treasury Secretary and Federal Reserve chair, criticized the Department of Justice’s investigation into Jerome Powell. She called the investigation a troubling attack on the Federal Reserve’s independence, saying President Trump’s actions are unprecedented.Key Facts
- Janet Yellen served as Treasury Secretary and Federal Reserve chair.
- Jerome Powell is the current Federal Reserve chair and Yellen’s successor.
- The Department of Justice is investigating Jerome Powell.
- Yellen described the investigation as an attack on the Fed’s independence.
- She said President Trump’s actions in this case are unprecedented and disturbing.
- The Federal Reserve is an independent agency that sets U.S. monetary policy.
- Protecting the Fed’s independence is important to many economic experts.
- The investigation has raised concerns about possible political interference.
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