Hello World: Learn What Janet L. Yellen Says About Removing Lisa Cook as a Fed Governor in USA

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Janet L. Yellen, who was Mr. Jerome Powell’s immediate predecessor as Fed chair and later served as Treasury secretary under President Joseph R. Biden Jr., said she was “utterly alarmed” by the move [of Trump firing Lisa Cook].

“I feel this is now turned into an all-out assault on the Federal Reserve and an attempt by President Trump to really gain control over decision-making at the Fed,” she said. 

Read the full article at The New York Times reporting that Trump's firing of Fed Governor Lisa Cook will set off a long legal battle. Economists warn it could lead to higher inflation and government borrowing costs.

A Strong Dollar Is Good For the American Economy

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The United States has benefited from a profound shift in global capital flow, which has boosted the dollar.  But why is a strong dollar in America's best interests?

Not only does a strong dollar mean that there is a healthy demand for American-made goods and services, but, perhaps more important, it’s also a show of confidence in the U.S. government and financial institutions.

Learn how the shift in global capital flow has boosted the dollar, which should continue as the global economy adjusts to higher inflation and higher interest rates.