Ex‑Fed Chairs Rally Against Probe

Three former Federal Reserve leaders – Alan Greenspan, Ben Bernanke and Janet Yellen – have publicly denounced the criminal investigation into current Chair Jerome Powell, saying it threatens the central bank’s independence. They argue the probe is politically motivated, aimed at undermining confidence in monetary policy, and has no place in a democratic system that respects institutional autonomy and could destabilise markets.

For investors and citizens, the debate signals potential turbulence in US monetary policy, which could affect interest rates, loan costs and the value of the dollar, influencing everyday finances globally.

If the investigation proceeds, it may erode confidence in the Fed, prompting market volatility and higher borrowing costs, while also raising questions about political interference in economic governance for global investors.