Federal Reserve Leaders Speak Against Trump Administration's Investigation of Jerome Powell
Federal Reserve Leaders Speak Out
Three former chairs of the Federal Reserve and key economic officials are condemning the Department of Justice's investigation into current Fed Chair Jerome Powell. They warn this probe could jeopardize the independence of the central bank and hinder economic growth.
The Implications of the Investigation
The statement, publicly shared on Substack, underscores growing unease among financial leaders. Signed by former Fed Chairs Janet Yellen, Ben Bernanke, and Alan Greenspan, along with ex-Treasury Secretaries Timothy Geithner, Jacob Lew, Henry Paulson, and Robert Rubin, it asserts that such inquiries can diminish trust in key financial institutions.
- Independence of the Fed: Critical to maintaining economic stability.
- Political Interference: Raises alarms about the sanctity of economic governance.
- Impact on the Economy: Could lead to negative repercussions for U.S. economic health.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.