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

Fed Independence & Market Stability - Markets rely on the Fed's independence and commitment to price stability and maximum employment for assessing the US economy's soundness and investment security [1] - Presidential threats to remove a Fed chair to lower interest rates for government financing, rather than price stability, are disconcerting to markets [1] Monetary Policy & Inflation Risk - History shows that when pressure drives monetary policy, high inflation is the inevitable consequence [1]