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Donald Trump’s election has Wall Street questioning the future of the Federal Reserve

Thursday, November 10, 2016 7:58
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(Before It's News)

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(From The Business Insider)

Additionally, some analysts have questioned whether Fed Chair Janet Yellen will remain in her job under the new administration given Trump’s pointed criticism of the central bank’s policiesand her leadership.

“The future of Janet Yellen’s chairmanship and the accommodative nature of Fed monetary policy are in doubt,” Edward Mills of FBR Capital Markets said.

Deutsche Bank strategist George Saravelos agreed that the future of Yellen’s job was uncertain.

“Even more importantly the market will be looking for confirmation that Chair Yellen will not resign,” Saravelos said in a note to clients. “Trump has been particularly critical of her term so policy continuity will be particularly important.”

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