U.S. Treasury Secretary: For the stability of the U.S. economy, the Federal Reserve must re-establish its credibility as an independent institution

BlockBeats News, September 5th, according to The Wall Street Journal, U.S. Treasury Secretary Yellen stated that in order to safeguard the future and stability of the U.S. economy, the Federal Reserve must rebuild its credibility as an independent institution. There must be an honest, independent, and non-partisan review of the entire institution, including monetary policy, regulation, communication, personnel, and research. Looking ahead, the Federal Reserve must reduce its distortion of the economy.