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Trump's intimidation of Fed's leadership threatens economic stability, Yellen says

Trump's intimidation of Fed's leadership threatens economic stability, Yellen says

Summary

President Trump and his Justice Department are involved in a criminal investigation related to Federal Reserve Chair Jerome Powell. Former Treasury Secretary Janet Yellen has spoken about these developments and their potential impact on economic stability.

Key Facts

  • President Trump is involved in a criminal investigation concerning the Federal Reserve.
  • Jerome Powell is the Chair of the Federal Reserve.
  • The investigation is being conducted by the Trump Justice Department.
  • Janet Yellen, who was Chair of the Federal Reserve from 2014 to 2018, discussed the situation.
  • Yellen also served as Treasury Secretary under President Biden.
  • The discussion focuses on the potential impact on economic stability.

Source Information