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Ex-Fed chief says Trump bid to oust US governor Cook 'dangerous'
Ex-Fed chief says Trump bid to oust US governor Cook 'dangerous'
Economy
by  AFP

US President Donald Trump's move to oust Federal Reserve Governor Lisa Cook marks a direct attempt to politicize the central bank and is "profoundly dangerous," former Fed chief Janet Yellen warned Wednesday. On Wednesday, Yellen warned that the Fed's interest rate decisions would lose credibility if markets believed the central bank was guided by political orders.