Yellen Defends Fed Against Republican Charges of Party Bias
Fed Chair Yellen's House Testimony in Two Minutes
This article is for subscribers only.
Janet Yellen was forced to defend the Federal Reserve against accusations that it’s politically partial to the Obama administration and liberal groups during heated exchanges with Republican members of Congress.
“The Federal Reserve is independent,” the central bank chair told the House Financial Services Committee on Wednesday in response to a question about her regular meetings with Treasury Secretary Jacob J. Lew. “I do not discuss monetary policy or actions we are going to take with the secretary.”