Treasury Secretary Janet Yellen has issued a strong warning about the risks to U.S. democracy and economic stability due to potential threats to the Federal Reserve's independence. Yellen's concerns, highlighted in a series of reports from Axios and Bloomberg, focus on the adverse effects that undermining democratic institutions can have on economic growth and financial stability both domestically and globally. She is set to elaborate on these themes in a major address at the Sedona Forum, emphasizing the critical link between democracy and economic success. This comes amid discussions and warnings about possible attempts by political figures, including former President Trump, to exert more control over the Federal Reserve, which has been met with criticism from various quarters including Harvard economists. Yellen is making a plea for maintaining the Fed's independence and has responded to President Biden's prediction of a rate cut.
Yellen defends Fed independence as Trump allies push plans for more control https://t.co/xQ51KXkMpa
“Recently, democracy has come under threat. I believe that democracy is critical to building and sustaining a strong economy. Undercutting democracy undercuts a foundation of sustainable and inclusive growth." --Janet Yellen https://t.co/dhNxaCxwiH via @chrisjcondon @economics
Yellen to warn that eroding US democracy, Fed, threatens economic growth https://t.co/SafWzxRidu https://t.co/9WfjtjcU5Q
Yellen Warns on Risk to Fed Independence: BBG She must be referring to Biden's prediction that "before the year is out, there’ll be a rate cut”
Treasury Secretary Janet Yellen warned that threats to America’s democratic institutions would undermine economic growth and financial stability in the US and around the world https://t.co/eQ08Fg076w
Secretary Yellen will “deliver a major address at the Sedona Forum, the McCain Institute’s signature annual gathering, on the importance of democracy to America’s economic success” on May 3, per media advisory.
Axios: Yellen to make a plea for Federal Reserve independence. https://t.co/ccfBjlUYE0
Scoop: Yellen's urgent warning on threats to U.S. democracy https://t.co/CGk7rC8gQy
🚨Scoop: Yellen's urgent warning on threats to U.S. democracy https://t.co/4P1TxSYyIh
Yellen's Urgent Warning On Threats To US Democracy - Axios https://t.co/9bnoAXTDRA
AXIOS: YELLEN TO MAKE A PLEA FOR FEDERAL RESERVE INDEPENDENCE.
US TRESUARY SEC YELLEN TO MAKE PLEA FOR FEDERAL RESERVE INDEPENDENCE: AXIOS
YELLEN TO MAKE PLEA FOR FEDERAL RESERVE INDEPENDENCE: AXIOS
Markets will rebel if Trump or any president tries to control the Fed, Harvard economist says https://t.co/hF99laPKQx
Reactions to prospective Trump curbs on Fed independence: Bad idea of all bad ideas. https://t.co/diKZQcT21M