Yellen: I'm not stepping down until my term is done

CNBC ^ | November 17, 2016 | Jeff Cox

[Right-wing Librarian]

"Forget all that talk about Janet Yellen stepping down if Donald Trump becomes president: The Fed chair told Congress on Thursday she's not leaving."

[Right-wing Librarian]

Here's what I think DJT should do: Create a position ABOVE her position, to whom she answers, effectively nullifying her power. She's just a figurehead who does what the Globals tell her to do anyway.

[Paladin2]

Yeah, the US economy is not yet totally wrecked.

[rickomatic]

You’re fired!

[DarthVader]

She will be terminated with extreme prejudice!!

[caltaxed]

She might be more willing to step down after Trump has completed an audit or two.

[Right-wing Librarian]

As fun as the election cycle was for us, I suspect every day of the Trump Administration is going to be a wild and wonderful ride. I am loving this, and his term hasn’t even yet begun!

FUN! FUN! FUN! YIPPEE!

[D Rider]

Trump could replace federal reserve notes with US notes. Of course, thus is what most probably got JFK killed.

[Right-wing Librarian]

>>She might be more willing to step down after Trump has completed an audit or two.
**********************************************************
Oh gosh, I hadn’t even thought about this but what a GREAT IDEA!!! Maybe that move would bring Rand Paul into line! Ha!

[pepsi_junkie]

Here's what I think DJT should do: Create a position ABOVE her position, to whom she answers, effectively nullifying her power.

The Fed is not a government institution and does not answer to anyone really, the oversight of congress is moslty symbolic. So that won't work. Case in point: Janet Yellen Warns Congress Against Adding to Fed’s Oversight

Want to spook her out of office? appoint Ron Paul as a special auditor and set him loose on the Feds books with a team of his choosing.

[DoodleDawg]

Here's what I think DJT should do: Create a position ABOVE her position, to whom she answers, effectively nullifying her power.

Without changing the way the Fed is chartered Trump can't do that.

[DoodleDawg]

You’re fired!

Can't fire her. Impeach maybe, but can't be fired.

[poinq]

The Press is having a conniption because Trump threatened to fire Yellen. Steve Liesman of CNBC, just said that Trump crossed a line. It must not be much of a line. Because both Obama and Clinton threatened the Fed while they were campaigning for president. And the Fed was very unhappy with the Bush tax cuts, causing a long running feud between Bush the second and Greenspan.

However, if you are waiting for Trump to fire Yellen, it ain’t going to happen. She has only a year left. And Trump has a lot to get through congress, appointing a full cabinet. He can wait a year to choose a new Fed chairman. In that year he will need to find a candidate and get them through the senate.

[Right-wing Librarian]

Yes, I believe your are correct.

Nevertheless, some new forms of domestic and international US dollars are coming. The rest of the world has had it with our money printing and trashing the dollar value. They (the BRICS nations) have made extraordinary advancements in establishing a gold-backed trade policy/bank, which will eventually knock out the US dollar’s Reserve position. That will, in turn, punch out whatever value is left in the dollar.

Hard times ahead. I am convinced God’s Choice for our president is the ONLY person capable of dealing with it with We the People in mind.

[DoodleDawg]

Want to spook her out of office? appoint Ron Paul as a special auditor and set him loose on the Feds books with a team of his choosing.

When you say "audit" what exactly do you mean?

[Right-wing Librarian]

This is the kind of challenging problem President Trump loves to solve! I can hardly wait to see how he will deal with these PRIVATE bankers who hold the American people hostage to their policies and personal profits. Yes, it is very dangerous territory, but one that must be broached.

[PJBankard]

I disagree. The Federal Reserve Chairman is part of the executive branch. The President has full rights to “fire” anyone within the executive branch with some congressional oversight exceptions.

[pepsi_junkie]

When you say "audit" what exactly do you mean?

I don't mean a bunch of CPAs add up their debits and credits. I mean the cloak of secrecy that prevents government oversight from the GAO be cast aside and the Fed forced to provide all transcripts and meeting artifacts related to any discussions of monetary policy open and available for inspection. Let's see why they expect and enforce such secrecy.

[outinyellowdogcountry]

I see her name and then I seem to hear her puckered lips saying “I’m not leaving.” in that voice that says I just sucked on a lemon and gulped down some helium.

[DoodleDawg]

I disagree. The Federal Reserve Chairman is part of the executive branch. The President has full rights to “fire” anyone within the executive branch with some congressional oversight exceptions.

The Federal Reserve Chair is a part of the Board of Governors of the Federal Reserve System. They are not part of the Executive Branch. The President may appoint them with Senate consent, just as he does judges. But like judges the Fed Chair and other members of the Board of Governors can only be removed through impeachment.

[DoodleDawg]

I don't mean a bunch of CPAs add up their debits and credits.

Then you don't mean an audit.

I mean the cloak of secrecy that prevents government oversight from the GAO be cast aside and the Fed forced to provide all transcripts and meeting artifacts related to any discussions of monetary policy open and available for inspection.

Oh, you mean like the meetings of the Fed Open Market Committee that meets eight times a year to plan policies on interest rates and such? Here: Link.