Greenspan, Bernanke, Yellen and other past officials say Trump using ‘prosecutorial attacks’ to undermine Fed
KEY POINTS
- A chorus of previous Fed chairs, Treasury secretaries and prominent economists came together Monday to support Jerome Powell as the central bank leader faces potential perjury allegations from the Justice Department.
- “This is how monetary policy is made in emerging markets with weak institutions, with highly negative consequences for inflation and the functioning of their economies more broadly,” the group said.
