All living former chairs of the Federal Reserve and several former U.S. Treasury Secretaries jointly condemn the criminal investigation of Powell
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Three former Federal Reserve Chairmen and four former U.S. Treasury Secretaries who have served in both Democratic and Republican administrations strongly condemned the U.S. Department of Justice's investigation into current Federal Reserve Chairman Jerome Powell, stating that this move will undermine the independence of the Federal Reserve. The statement was also signed by a group of bipartisan former White House economic advisors. On the same day, Yellen stated that the investigation by the Trump administration is "extremely chilling" for Powell's successor, and the market should be deeply concerned
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