Ex-Fed chairs condemn Trump’s bid to weaken central bank

Statement signed by 13 former senior officials condemns ‘unprecedented’ assault on Fed’s independence Every living former head of the Federal Reserve condemned an “unprecedented” attempt by the Trump administration to weaken the central bank’s independence, after the Department of Justice opened a criminal investigation into its chair, Jerome Powell.Ex-Fed chairs Alan Greenspan, Ben Bernanke and Janet Yellen warned similar prosecutorial attacks in other countries had led to “highly negative consequences” for the cost of living – and argued they had “no place” in the US. Continue reading...