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Trump Is Not Seeking Yellen’s Resignation, But Won’t Nominate Her For A Second Term

Thursday, November 10, 2016 5:42
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(Before It's News)

zerohedge.com / by Tyler Durden / Nov 9, 2016 6:29 PM

As we reported first thing this morning, one of the burning questions troubling Wall Street at this moment, is whether president elect Donald Trump plans on reshuffling the Fed, eliminating its so-called “independent” and perhaps going so far as firing or “requesting” Janet Yellen’s resignation.

To be sure, there has been sufficient animosity between Trump and the Fed chair: recall that in early September, Trump accused the Fed of “keeping the rates artificially low so the economy doesn’t go down so that Obama can say that he did a good job. They’re keeping the rates artificially low so that Obama can go out and play golf in January and say that he did a good job. It’s a very false economy. We have a bad economy, everybody understands that but it’s a false economy. The only reason the rates are low is so that he can leave office and he can say, ‘See I told you.’”

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The post Trump Is Not Seeking Yellen’s Resignation, But Won’t Nominate Her For A Second Term appeared first on Silver For The People.

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