Fmr. Treasury Secretary Yellen: Markets rely on the independence of the Fed

Look, importantly, uh, markets rely on the independence of the Fed and the Fed's commitment to achieving its congressionally mandated goals of price stability and maximum employment in uh, assessing the soundness of the US economy and their security in terms of um, returns they can expect investing in the United States. And when a president threatens to remove a chair unless he radically lowers interest rates with the stated purpose um of helping the government finance its borrowing um not the congressional ...