Treasury Secretary Janet Yellen has issued a strong warning about the risks to U.S. democracy and economic stability due to potential threats to the Federal Reserve's independence. Yellen's concerns, highlighted in a series of reports from Axios and Bloomberg, focus on the adverse effects that undermining democratic institutions can have on economic growth and financial stability both domestically and globally. She is set to elaborate on these themes in a major address at the Sedona Forum, emphasizing the critical link between democracy and economic success. This comes amid discussions and warnings about possible attempts by political figures, including former President Trump, to exert more control over the Federal Reserve, which has been met with criticism from various quarters including Harvard economists. Yellen is making a plea for maintaining the Fed's independence and has responded to President Biden's prediction of a rate cut.