Janet Yellen Has The Perfect Response To Donald Trump’s Criticism

[kpete]

WASHINGTON ― Federal Reserve chairwoman Janet Yellen resolutely dismissed Donald Trump’s attacks on her integrity at a Wednesday press conference.

The GOP nominee accused Yellen of keeping interest rates low in order to prop up the economy and thereby bolster President Barack Obama’s legacy. Trump went so far as to say that Yellen, an Obama appointee, “should be ashamed of herself.”

Yellen vehemently defended the central bank’s independence while speaking to reporters after the announcement that the Fed would not raise its key interest rate.

“Congress very wisely established the Federal Reserve as an independent agency in order to insulate monetary policy from short-term political pressures,” Yellen said. “I can say emphatically that partisan politics plays no role in our decisions about the appropriate stance of monetary policy.”

“We do not discuss politics at our meetings,” she added. “And we do not take politics into account in our decisions.”

the rest:
http://www.huffingtonpost.com/entry/janet-yellen-response-trump_us_57e2f1b0e4b0e28b2b5204b0?

[nykym]

1. Trump is

Pissed that he cannot take advantage of the low interest rates in the US because no bank will lend money to him due to the mnay bankruptcies.