Greenspan, Bernanke, Yellen and other former leaders claim Trump is employing ‘legal assaults’ to weaken the Fed
Prominent Figures Rally Behind Fed Chair Jerome Powell
On Monday, a group of former Federal Reserve leaders, ex-Treasury secretaries, and well-known economists voiced their support for Jerome Powell as he faces possible perjury charges from the Justice Department. In a joint statement signed by over a dozen influential individuals, they condemned the reported criminal investigation, calling it an extraordinary effort to threaten the central bank's independence. The statement warned that such actions resemble those seen in countries with fragile institutions, often resulting in harmful effects on inflation and economic stability.
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