Janet Yellen Dismisses $1 Trillion Coin as ‘Gimmick’

Treasury Secretary Janet Yellen dismissed the idea of minting a $1 trillion coin to bypass the debt limit as nothing but a “gimmick,” the Washington Post reports.

Said Yellen: “It compromises the independence of the Federal Reserve and instead of showing Congress and the administration can be trusted to pay the country’s bills, it does the opposite.”