Treasury Secretary Bessent’s testimony descends into shouting matches
WASHINGT…
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https://www.newsbeep.com/385404/
>>"The reported criminal inquiry into Federal Reserve Chair Jay Powell is an unprecedented attempt to use prosecutorial attacks to undermine that independence," a statement signed by former Fed chairs Janet Yellen, Ben Bernanke and Alan Greenspan said. "This is how monetary policy is made in emerging markets with weak institutions, with highly negative consequences for inflation and the functioning of their economies more broadly. It has no place in the United States whose greatest strength is the rule of law, which is at the foundation of our economic success."<<
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#JanetYellen bristled at the notion that #JeromePowell might have lied.
“Knowing Powell as well as I do, the odds that he would have lied are zero so I do believe they’re going after him because they want his seat & want him gone,” she said.
#Trump #RevengePolitics #DOJ #law #economy #independence #FederalReserve #autocracy #despotism #dictatorship #tyranny #recession #trumpcession
Former #Fed Chair #JanetYellen on Monday condemned an investigation into her successor, #JeromePowell, saying it compromises the #CentralBank’s #independence.
Yellen said using the Fed’s key overnight borrowing rate to manage the debt is irresponsible & “the road to a banana republic.”
#Trump #DOJ #law #economy #FederalReserve #autocracy #despotism #dictatorship #tyranny #recession #trumpcession
https://www.cnbc.com/2026/01/12/yellen-says-powell-probe-extremely-chilling-for-fed-independence-market-should-be-concerned.html