Former Treasury Secretary says attacks on Fed Governor Lisa Cook should be 'chilling' for Americans [View all]

Source: Yahoo Finance

Former Treasury Secretary Larry Summers said the political pressures and personal attacks targeting Federal Reserve Governor Lisa Cook are unprecedented — and it should alarm anyone concerned about the independence of US institutions.

"I have to say that the use of prosecution of one's adversaries, whether it's the FBI visit to John Bolton's home or whether it is the kind of attack that has been launched on Lisa Cook, is, I think, something that should be chilling to many Americans," Summers said on Yahoo Finance's Opening Bid (video above).

Summers's remarks come amid heightened tensions between the White House and the central bank. President Trump has repeatedly called for lower interest rates, adding to the strained relationship with Fed Chair Jerome Powell.

The criticism of Cook, however, represents a more personal escalation.

Read more: https://finance.yahoo.com/news/former-treasury-secretary-says-attacks-on-fed-governor-lisa-cook-should-be-chilling-for-americans-163923661.html