CoinVoice has recently learned that former U.S. Treasury Secretary Yellen commented on the controversy sparked by Trump's firing of Federal Reserve Board member Cook, stating: Trump claims to have 'fired' Cook for 'legitimate reasons.' This action is not only illegal but also poses great danger. It is a direct attempt to politicize the Federal Reserve, a form of intimidation against its leadership, and an effort to force monetary policy to submit to the president's will.

This move could end the independence of the Federal Reserve — and with it, the collapse of the credibility of U.S. monetary policy both domestically and internationally. Yellen called on Congress to defend the independence of the Federal Reserve, the courts must dismiss this illegal abuse of power, and the financial community must speak out against this direct attack on the credibility of the dollar. [Original link]