No, Janet Yellen Does Not Need To Wait On Donald Trump

Think back to last month. I know that's really f*cking hard because with Trump in office, each week feels like two years, but do your best. You may recall that one of the arguments I and others made regarding the outlook for the Fed, revolved around the extent to which financial conditions looked entirely different following the December 2016 hike than they did on the heels of "liftoff" in December 2015. The 2015 hike was squeezed in amid mounting China worries. The PBoC had just telegraphe