Yellen says she's concerned about Trump undermining trust in Federal Reserve
[WASHINGTON] Former Federal Reserve Chair Janet Yellen said she's concerned President Donald Trump's complaints about US monetary policy may undermine confidence in the central bank as she expressed support for more interest-rate increases to keep the economy on track.
"It's important that the public have confidence in the Fed," she said on Tuesday at a conference in Washington.
Ms Yellen, whom the president considered for a second term at the helm of the central bank before replacing her in February with Jerome Powell, also said "I think it's appropriate for the Fed to be raising rates" some more and "I have confidence in my successor and his colleagues."
