I spoke with former Federal Reserve Chair and former Treasury Secretary Janet Yellen about the DOJ investigation into Fed Chair Powell.
Sara Eisen
Janet Yellen
The investigation is very chilling for Federal Reserve independence and appears to be political.
Janet Yellen
I'm surprised that the market isn't concerned. It seems to me that the market should be more concerned.
Janet Yellen
The president saying the Fed should be cutting rates to lower payments on the federal debt is the road to a banana republic.
Janet Yellen
This investigation makes it harder to buy into the credibility of whoever will be the next Fed chair.
Powell has been at the Fed for about 14 years and might want to leave because he's put in his work as a public servant.
Sara Eisen
The administration has no oversight on the Federal Reserve - that is up to Congress and Senate Banking Committee.
Sara Eisen