Trump Says He's Open to Renominating Yellen at Fed, WSJ Says

[brooklynite]

Source: Bloomberg

President Donald Trump indicated for the first time since taking office that he’s open to renominating Federal Reserve Chair Janet Yellen for another term that would begin in February.

“I like her, I respect her,” Mr. Trump said in an interview Wednesday with the Wall Street Journal. “It’s very early.”

Trump also said, “I do like a low-interest rate policy, I must be honest with you,” the paper reported.

Yellen sometimes has been criticized during her term, including by leading Republican lawmakers, for being too slow to raise rates as the economy recovered from the financial crisis and subsequent recession.

Read more: https://www.bloomberg.com/news/articles/2017-04-12/trump-says-he-s-open-to-renominating-yellen-at-fed-wsj-says

---

I think his FRiends won't be happy at the news...

[JHan]

1. oh I remember how he lambasted her last year..

I have a hunch he's only saying this because he knows that there's speculation his spending plan will lead to high rates and inflation ( on top of the tax cuts). I don't think his attempt at charm here will impress Yellen.

[justhanginon]

2. He later added, of course all decisions etc. must be approved

by Jared Kushner whom I am today appointing overseer of the Federal Reserve.

[bucolic_frolic]

3. She's good, but hasn't had many decisions to make

Bernanke was the innovator. Odd that GWB appointed a student of the Depression
5 years before the Great Recession. Someone knew something. I'm sure it wasn't W.

[TomCADem]

4. Wait 20 minutes and he ...

... will change his mind.

[bucolic_frolic]

5. Also as other things go off the rails

Russia-Syria, nepotism, foreign policy, economy - he's showing signs
of accepting parts of Washington. I'd guess it's a temporary calculation
and will change if more opportunity for havoc emerges.

[Sunlei]

6. trump knows it was a dumbshit move to 'fire' her.

[notdarkyet]

7. That will set all the gold hoarding, preppers at zero hedge off. They hate her.

[Dawson Leery]

8. The end timers will not like this.

Donnie should know that if he increases the deficit, Yellen will raise rates to counter.

[IronLionZion]

9. Ooh yeah, I hope FReepers turn against Dolt 45

soon enough I hope to see coal miners and factory workers turn against him.

Did anyone ask Yellin if she even wants to stay on and work for this worthless bastard? Dipshit kept claiming she was falsely inflating the economy to help Obama