Yellen: Trump has "looked for every possible way" to "force the Fed to act according to his wishes"

Prosecutors from the office of U.S. Attorney Jeanine Pirro made a surprise visit on Tuesday to the Federal Reserve headquarters renovation project. Trump has previously claimed the project is over budget. Trump has launched an aggressive campaign targeting senior Federal Reserve officials—including Jerome Powell, whose term expires in May—aiming to force the Federal Reserve to cut interest rates. This move has triggered political backlash and legal challenges. “I have never before seen the Federal Reserve face this level of threat,” said former Federal Reserve Chair Janet Yellen, who served from 2014 to 2018. Yellen also stated that Federal Reserve chair nominee Kevin Walsh lacks “credibility” in advocating for rate cuts.