U.S. Treasury Secretary Janet Yellen's latest interview: Urging the Federal Reserve to conduct a thorough internal investigation to eliminate plans for acquiring shares in NVIDIA

According to the Zhitong Finance APP, U.S. Treasury Secretary Becerra has once again called on Chairman Powell to conduct an internal review of the Federal Reserve, stating that the allegations of mortgage fraud against Federal Reserve Board member Cook should be included in the review. Becerra stated in an interview on Wednesday, "I previously encouraged Chairman Powell to conduct an internal review before initiating an external review." Regarding the Cook incident, he pointed out, "These issues must be resolved." Previously, the U.S. government accused Cook of mortgage fraud, and President Trump took action on Monday to attempt to remove him from his position on the Federal Reserve Board. Cook's lawyer plans to file a lawsuit regarding this action. "We have never heard her say 'I didn't do it'—she just repeatedly emphasized that the president has no authority to remove her," Becerra said. He believes that "if Federal Reserve officials are involved in mortgage fraud," they should not continue to serve in this major U.S. financial regulatory agency. "The Federal Reserve is an institution lacking accountability, and its relationship with the American public is built on a high level of trust, which such incidents severely undermine." When asked whether firing Cook was part of Trump's plan to ensure his nominees hold a majority on the Federal Reserve Board, Becerra stated, "All Federal Reserve Board members maintain their independence." Federal Reserve Voting Situation The current members of the Federal Reserve Board include Waller and Bowman, both of whom were nominated during Trump's first term. Additionally, Trump has nominated White House Chief Economist Stephen Moore to fill one of the vacancies on the seven-member Federal Reserve Board. Becerra stated that the government would not interfere with Waller and Bowman's voting decisions. In last month's Federal Reserve policy decision, these two board members voted against the majority—they advocated for a rate cut, while other voting members preferred to keep rates unchanged. Becerra also revealed that the process of selecting Powell's successor is still underway (Powell's term as Federal Reserve Chairman will end in May next year). He added that he would interview candidates after the Labor Day holiday and then submit a list of 3 to 4 candidates to Trump along with other government officials. He stated that Trump's final choice "will definitely be determined this fall." The Treasury Secretary also pointed out that since the 2008 financial crisis, the Federal Reserve has "deviated from its core mission of formulating monetary policy," and the institution "needs to return to this core mission." No Intention to Invest in NVIDIA Additionally, regarding comments about the U.S. government possibly emulating the equity investment model used for chipmaker Intel (INTC.US) to invest in other companies, Becerra stated that the government is "not currently considering" holding shares in NVIDIA (NVDA.US). Becerra noted, "I believe NVIDIA currently does not need financial support, so the idea of holding shares in it is not under discussion at this stage." However, Becerra mentioned that the government may still consider holding shares in companies from other industries. He stated, "In some industries where we are promoting transformation—such as shipbuilding—could there be such possibilities? Of course, we do not rule out similar situations." Previously, the Trump administration announced last week that it would hold nearly 10% of Intel's shares. In June of this year, the administration also intervened in the acquisition of U.S. Steel by Nippon Steel, holding what Trump referred to as a "golden share"—this shareholding arrangement gives the U.S. government a say in the company's operations