Everybody's Business Janet Yellen Thinks We’re at a Dangerous Moment
Jan 16, 2026
Former Federal Reserve Chair Janet Yellen shares insights on the critical importance of Fed independence amidst political pressures, warning that such interventions could lead to renewed inflation. She elaborates on the chilling effect of DOJ investigations on Fed leadership. Tech reporter Ashley Carman delves into Spotify's transformation, discussing its new leadership and business strategies while addressing artist payouts and the controversial impact on music. Both guests highlight the changing landscape of financial and music industries, making for a thought-provoking conversation.
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Central-Bank Independence Is Crucial
- Janet Yellen says central-bank independence is the bedrock of U.S. economic stability.
- She warns politicized monetary policy raises inflation and worsens economic performance.
Threats To The Fed Signal Democratic Risk
- Yellen calls President Trump's demand for 1% rates and threats to the Fed deeply alarming.
- She says using the Justice Department to intimidate Fed officials would threaten democracy.
Fed Answers To Congress, Not The White House
- Yellen emphasizes the Fed is nonpolitical and accountable to Congress, not the president.
- She fears removal "for cause" precedents would undermine institutional integrity.