Former Republican and Democratic-appointed Fed Chairs, Treasury and CEA Chair calls the inquiry into Chair Powell investigation an "unprecedented" assault on Fed independence; names incl. Yellen, Bernanke and Greenspan

Former Republican and Democratic-appointed Fed Chairs, Treasury and CEA Chair calls the inquiry into Chair Powell investigation an "unprecedented" assault on Fed independence; names incl. Yellen, Bernanke and Greenspan.

The statement from notable former Fed officials characterizing the inquiry into Chair Powell as an "unprecedented" assault on the Federal Reserve's independence underscores significant anxiety about political pressures on monetary policy. This could render markets nervous, particularly affecting the USD and Treasury yields as investors reassess the Fed's ability to act independently in managing inflation and growth. Overall, it reflects a potential increase in market volatility surrounding central bank decisions.