Former US Treasury Secretary Janet Yellen: Firing Cook is illegal and dangerous, and US credibility may collapse
2025-08-28 03:03:10
In response to the controversy over Trump's firing of Federal Reserve Governor Tim Cook, former US Treasury Secretary Janet Yellen wrote: Trump's claim to "fire" Cook for "good cause" is not only illegal, but also extremely dangerous. This is a direct attempt to politicize the Federal Reserve, intimidate its leadership, and force monetary policy to submit to the will of the president. This move could end the independence of the Federal Reserve - and with it, the credibility of US monetary policy at home and abroad will collapse. Yellen called on Congress to defend the independence of the Federal Reserve. The courts must reject this illegal abuse of power, and the financial community must speak out against this direct attack on the credibility of the dollar. (Jin Ten)
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