Yellen criticized Trump's dismissal of Powell: illegal and dangerous, may lead to disastrous consequences.

Former US Treasury Secretary Janet Yellen wrote that President Trump's announcement to fire Federal Reserve Board member Lisa Cook is not only illegal but also extremely dangerous; Yellen warned that Trump insists on asking the Fed to lower interest rates to reduce the interest burden of the US government's $37 trillion debt, but the consequences could be disastrous. Yellen concludes the article by calling for action: "Congress must defend the independence of the Federal Reserve. The courts must rule this illegal act invalid. The financial industry must also speak out against this direct attack on the credibility of the dollar."