Already have an account? log in
This article is FREE for you
Create a free account and join institutional investors, analysts and strategists from the world's largest banks
By submitting your email address you agree to receive communication by email
Trump Set To Interview Yellen For Reappointment: Politico
"Just when I thought I was out, they pull me back in!"
Don't count Janet Yellen out of the race f
OR, subscribe now for unlimited access
By submitting your email address you agree to receive communication by email
By submitting your email address you agree to receive communication by email
Why shouldn’t she take it? The only reason I can think of would be that Trump appoints a bunch of people who want to take things in a different direction than she does, but if that’s the case then presumably she won’t be offered the reappointment. The Fed chair doesn’t really have to worry about what the president who appointed her thinks, especially if this is her last term, which it probably would be.
Ahh, but will she kiss his ring and swear personal loyalty to his majesty Trump – like Comey refused to do.
It’s just one person on a committee. The scary thing is that with so many terms ending at the Fed, he gets to appoint the chair, vice chair and most of the governors. No president before has ever had such an opportunity to shape this most-influential institution. Even if Trump goes away, his appointments continue on for many years. And they’re likely to be extremely dovish on balance because based on his public statements lately, Trump appears to favour ZIRP and even outright debt repudiation. If so, then sadly the US should begin reliving the economic malaise, decline and stagflation it suffered in the 1970-82 period, or worse.