Paul Volcker, Alan Greenspan, Ben Bernanke and Janet Yellen say Fed should be free from short-term political pressures
WASHINGTON—The former heads of the Federal Reserve made their case Monday for the central bank to remain independent and free from short-term political pressures, an implicit rebuttal to President Trump’s repeated criticism of the institution.
All four former still-living Fed chairs—Paul Volcker, Alan Greenspan, Ben Bernanke and Janet Yellen—cosigned an op-ed in The Wall Street Journal on Monday underlining their belief that the central bank and its leader should be allowed to serve without political pressures or “the threat...
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