Ex-Fed Chairs Make a Joint Statement on Trump’s DOJ Probe of Powell—and They Don’t Hold Back
Some lawmakers claim the U.S. could become “uninvestable” if the Federal Reserve loses its independence.
BY MELISSA ANGELL, POLICY CORRESPONDENT @MELISSKAWRITES
Jerome Powell. Photo: Getty Images
Lawmakers and former Federal Reserve officials are standing up to the Department of Justice’s recent probe into the Federal Reserve as concerns over the Fed’s independence magnify.
A trio of former Fed Chairs including Ben Bernanke, Alan Greenspan, and Janet Yellen—joined by 10 other economic experts from the Biden, Obama, Clinton and Bush administrations—slammed........
