[Opinion] Trump’s Attacks Risk Wrecking the Fed’s Hard-Won Credibility

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History teaches us that chaos appears when leaders undermine the independence of central banks, writes Janet Yellen in an opinion published by Financial Times. Yellen, who is a member of the Brookings Institute, was president of the Federal Reserve...

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The independence of the US central bank was an inviolable principle, but that is no longer the case today.

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The attempt by American President Donald Trump to send her to Lisa Cook, one of the Governors of the U.S. Central Bank (Fed), caused shock.