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US Treasury Secretary Yellen: Federal Reserve Needs to Rebuild Independent Institution Credibility

Summary: According to sources, US Treasury Secretary Yellen stated that in order to safeguard the future and stability of the US economy, the Federal Reserve must rebuild its credibility as an independent institution. She emphasized the need for an honest, independent, non-partisan review of the entire institution, including monetary policy, regulation, communication, personnel allocation, and research. ...

According to sources, US Treasury Secretary Yellen stated that in order to safeguard the future and stability of the US economy, the Federal Reserve must rebuild its credibility as an independent institution. She emphasized the need for an honest, independent, non-partisan review of the entire institution, including monetary policy, regulation, communication, personnel allocation, and research. Looking ahead, the Federal Reserve needs to reduce distortions it causes to the economy.

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