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Yellen says Powell probe ‘extremely chilling’ for Fed independence, market should be concerned
Former Federal Reserve Chair Janet Yellen on Monday condemned an investigation into her successor, Jerome Powell, saying it compromises the central bank’s independence. Yellen, who served as Treasury secretary after leaving the Fed, added that she thinks financial markets should be more concerned about a situation that she called “extremely chilling.” “I’m surprised the market isn’t more concerned. It seems to me that the market should be concerned,” Yellen said, according to CNBC’s Sara Eisen. The comments come the day after Powell confirmed he’d been made aware that the U.S. Attorney’s Office in ... (full story)
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