{"id":2465254,"date":"2025-07-22T13:30:01","date_gmt":"2025-07-22T17:30:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/janet-yellen-salutes-powell-being-completely-committed-to-the-feds-independence\/"},"modified":"2025-07-22T13:30:26","modified_gmt":"2025-07-22T17:30:26","slug":"janet-yellen-salutes-powell-being-completely-committed-to-the-feds-independence","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/janet-yellen-salutes-powell-being-completely-committed-to-the-feds-independence\/","title":{"rendered":"Janet Yellen salutes Powell being \u2018completely committed to the Fed\u2019s independence\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjanet-yellen-salutes-powell-being-completely-committed-to-the-feds-independence%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2465254&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Former Treasury secretary Janet Yellen has defended Federal Reserve Chairman Jerome Powell against calls for his resignation. Despite President Donald trump suggesting replacing Powell with Treasury Secretary Scott Bessent before Powell&#8217;s term ends in may 2026, Yellen strongly believes Powell should complete his term and is fully committed to maintaining the Fed&#8217;s independence. She emphasized that Powell can only be removed &#8220;for cause,&#8221; such as gross mismanagement or corruption, and stated there is no basis for such action.Powell, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/in-remarks-to-congress-powell-says-omicron-complicates-inflation-forecasts\/\" title=\"In Remarks To Congress, Powell Says Omicron Complicates Inflation Forecasts\">originally nominated<\/a> by Trump in 2018 and previously appointed to the Federal Reserve Board by Barack Obama, has resisted Trump&#8217;s pressure to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breitbart-business-daily-the-rumble-and-the-ruble-how-the-wests-sanctions-on-russia-strengthen-the-ruble-and-threaten-globalization\/\" title=\"Breitbart Business Daily: The Rumble and the Ruble\u2014How the West\u2019s Sanctions on Russia Strengthen the Ruble and Threaten Globalization\">cut interest rates<\/a>, awaiting the impacts of tariffs on prices before making policy changes. Meanwhile, Bessent has denied reports that he advised Trump against firing Powell, attributing leaking of partial information.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Janet Yellen salutes Powell being &lsquo;completely committed to the Fed&rsquo;s independence&rsquo;<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2178887\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Former Treasury Secretary<a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3206932\/yellen-plan-financial-inclusion-week-before-election\/\" target=\"_blank\" rel=\"noopener\" title=\"\"> Janet Yellen<\/a> defended Federal Reserve Chairman <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3477498\/anna-paulina-luna-jerome-powell-doj-perjury-false-statement-federal-reserve-renovations\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Jerome Powell<\/a> against calls for <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3475526\/trump-jerome-powell-worst-appointment-slams-biden\/\" target=\"_blank\" rel=\"noopener\" title=\"\">his resignation<\/a>.<\/p>\n<p>President Donald Trump has floated <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3458445\/scott-bessent-fed-chair-door-open-replace-jerome-powell\/\" target=\"_blank\" rel=\"noopener\" title=\"\">replacing<\/a> Powell, 72, who was nominated by Trump during his first term in 2018, with current Treasury Secretary Scott Bessent. Powell&rsquo;s term is up in May 2026, and Yellen supported Powell finishing his term while on CNBC&rsquo;s <em>Squawk Box <\/em>on Tuesday. The former <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/donald-trump-ends-negotiations-with-nancy-pelosi-on-coronavirus-relief\/\" title=\"Donald ... Ends Negotiations with Nancy Pelosi on Coronavirus Relief\">treasury secretary<\/a> was asked what she thought about Powell stepping down early.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/entertainment\/3478298\/colbert-criticizes-trump-prediction-other-comedy-shows-axed\/\">Colbert criticizes Trump prediction other comedy shows will get axed<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/3478306\/coca-cola-cane-sugar-version-in-us\/\">Coca-Cola to <a href=\"https:\/\/amzn.to\/3YuVZYV\" >launch cane sugar version<\/a> in US<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/3478472\/watchdog-demands-probe-of-illinois-public-library-amid-property-tax-push\/\">Watchdog demands probe of Illinois public library amid property tax push<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>&ldquo;Well, I disagree with that strongly,&rdquo; Yellen said. &ldquo;I think Chair Powell is completely committed to the Fed&rsquo;s independence.&rdquo;&nbsp;<\/p>\n<p>&ldquo;And I think that he should fill out his term and stay on until his term expires in May,&rdquo; she added.<\/p>\n<div style=\"width: 100%; max-width: 640px; max-height: 360px; min-width: 320px; min-height: 180px; overflow: hidden;\">\n<div style=\"position: relative; width: 100%; padding-top: 56.25%;\"><iframe src=\"https:\/\/share.grabien.com\/share?id=3042518&amp;userid=11311&amp;loginid=10455&amp;playercolor=%23000000&amp;playersize=auto&amp;code=6ffd3e4a494b47bad663574bb1eb63ec\" style=\"position: absolute; top: 0px; left: 0px; width: 100%; height: 100%; border: 0px;\" allowfullscreen><\/iframe><\/div>\n<\/div>\n<p>Yellen dismissed Trump&rsquo;s <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3476049\/attempt-trump-fire-jerome-powell-major-legal-challenge\/\" target=\"_blank\" rel=\"noopener\" title=\"\">authority to terminate<\/a> Powell as he could only do so &ldquo;for cause.&rdquo; When asked to elaborate, Yellen explained a just cause for termination would be, &ldquo;Some gross mismanagement of monetary policy or the&nbsp;Fed or some corruption, a serious breach of his responsibilities as Fed chair.&rdquo;<\/p>\n<p>Yellen added that she doesn&rsquo;t &ldquo;believe there is any such basis.&rdquo;<\/p>\n<p>Meanwhile, Yellen&rsquo;s successor, Bessent, batted away allegations about his recommendation that Trump not fire Powell. Bessent, who <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3476853\/trump-denies-report-bessent-advised-him-against-firing-powell\/\" target=\"_blank\" rel=\"noopener\" title=\"\">echoed Trump<\/a> in denying the report, said <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3476587\/bessent-advised-trump-against-firing-powell-report\/\" target=\"_blank\" rel=\"noopener\" title=\"\">the leaker<\/a> behind the allegations only had &ldquo;partial information.&rdquo;<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/news\/3475425\/rand-paul-introduces-bill-audit-federal-reserve\/\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>RAND PAUL INTRODUCES BILL TO AUDIT THE FEDERAL RESERVE<\/strong><\/a><\/p>\n<p>Former President Barack Obama nominated Powell to serve on the Federal Reserve Board of Governors in 2012. It remains to be seen whether Powell will stay on as governor after his term as <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/update-corrupted-software-that-stole-6000-votes-from-trump-in-michigan-county-shut-down-for-two-hours-in-red-counties-in-georgia-on-election-day\/\" title=\"Update: Corrupted Software that Stole 6,000 Votes From ... in Michigan County -- Shut Down for TWO HOURS in Red Counties in Georgia on Election Day\">chairman<\/a> is up. Powell avoided the question during a <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3478167\/watch-live-fed-chair-jerome-powell-speaks-dc-bank-conference\/\" target=\"_blank\" rel=\"noopener\" title=\"\">press conference<\/a> Tuesday.&nbsp;<\/p>\n<p>As Fed chairman, Powell has resisted Trump&rsquo;s <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3458356\/white-house-note-trump-jerome-powell-federal-reserve\/\" target=\"_blank\" rel=\"noopener\" title=\"\">pushes<\/a> to cut interest rates. Powell has said he is <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3459416\/jerome-powell-interest-rates-blames-trump-tariffs\/\" target=\"_blank\" rel=\"noopener\" title=\"\">waiting for the tariffs<\/a> to affect prices before making any changes.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_2178887\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2178887\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Janet Yellen praises Powell&#8217;s full commitment to Fed independence<\/p>\n","protected":false},"author":2631,"featured_media":2465255,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/11\/Janet-Yellen-economy-bbh33.webp","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[32663,23100,34342],"class_list":["post-2465254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-federal-reserve","tag-janet-yellen","tag-jerome-powell"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/11\/Janet-Yellen-economy-bbh33.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2465254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2631"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2465254"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2465254\/revisions"}],"predecessor-version":[{"id":2465258,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2465254\/revisions\/2465258"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2465255"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2465254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2465254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2465254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}