Trump's goals for the Fed are 'very dangerous,' warns Fmr. Fed Chair & Treasury Sec. Janet Yellen. The financial system is “like the plumbing in your house,” says Yellen. “You don’t think about it most of the time. It’s important that it works,” but you're very “aware of it when it’s broken” #Velshi
msnbc.com
‘Politics can’t enter this’: Janet Yellen on Trump’s ‘very dangerous’ Fed moves
Former Federal Reserve Chair and former Treasury Secretary Janet Yellen tells Ali Velshi, “The Fed has been structured by Congress in order to allow it to make independent decisions that are not influenced by politics.” She says, “President Trump has made clear he wants the Fed to behave differently… His goals are not price stability and full employment.”
