CryptoWorld News reported that on April 15 (UTC+8), former U.S. Treasury Secretary Janet Yellen said that the hardline moves Trump has taken to press the Federal Reserve to cut interest rates in order to lower the United States’ debt servicing costs are “banana republic” remarks. At the HSBC Global Investment Summit, Yellen issued a warning about the independence of monetary policy, saying she has “never seen a level of threat to the Federal Reserve like this. Would a president of a developed country often make statements that interest rates should be set to reduce debt repayment costs?” she said. “That’s quite common in a ‘banana republic.’” She said that managing interest rates for reasons related to government budget planning has led to “hyperinflation” in some countries.