Hello World: Learn What Janet L. Yellen Says About Removing Lisa Cook as a Fed Governor in USA

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Janet L. Yellen, who was Mr. Jerome Powell’s immediate predecessor as Fed chair and later served as Treasury secretary under President Joseph R. Biden Jr., said she was “utterly alarmed” by the move [of Trump firing Lisa Cook].

“I feel this is now turned into an all-out assault on the Federal Reserve and an attempt by President Trump to really gain control over decision-making at the Fed,” she said. 

Read the full article at The New York Times reporting that Trump's firing of Fed Governor Lisa Cook will set off a long legal battle. Economists warn it could lead to higher inflation and government borrowing costs.

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