--and that means she'll have to start preparing for inflation.
Posted on 11/18/2016 2:57:07 AM PST by expat_panama
Donald Trump and Janet Yellen don’t share much common ground.
The president-elect and the Federal Reserve Chair have clashed over Trump’s claims that the Fed was picking sides in the election. He has also at times criticized the Fed’s recent easy-money policies as creating a “false economy.”
But during a hearing before the Joint Economic Committee on Thursday, the Fed Chair indicated an area where she might welcome Trumpian reforms.
During her testimony, Yellen argued that there were two worrying trends in the American economy: slow productivity growth and lackluster business investment. “My advice [to lawmakers] would be to [pursue policies] that keep in mind the impact on. . .productivity growth,” Yellen said.
As you can see from the above chart, productivity growth began to fall off a cliff right around 2004, and despite a spike in the middle of the recession that was do to companies firing workers and getting more done with less, it has pretty much remained in the dumps since then.
Economists aren’t certain as to what is causing this decline in growth...
(Excerpt) Read more at fortune.com ...
--and that means she'll have to start preparing for inflation.
Yellen knows that Trump knows more about the economy than she ever dreamed of.
Friday!!!!
Stocks up in mixed (average) volume --but all this sideways trading has had the affect of watching the IBD distribution day count go farther into the past bringing down the recent count to just 7 Nasdaq and 3 S&P. Then again, this morning's futures traders are unempressed, they see stock indexes continuing flat going forward.
They got metals falling -1.39% tho, gold & silver prices are already tanking down to $1,212.91 and $16.67.
Let's hang out on these econ threads and see what happens--
--where we can quote these op-eds:
Trump Has Made Wall Street Giddy Again - Eric Levitz, New York Magazine
Can Trump Build What Inspires Awe? - James Stewart, New York Times
Trump Will Have No Trouble Filling 4,000 Jobs - Peter Van Buren,Reuters
There Is Still a Chance to Save the TPP - Andrew Wilford, RealClearPolicy
Economy-Boosting Tax Reform May Be In Sight - William Shughart, RCM
These Are Numbers That Precede Corrections - John Mauldin, Mauldin
Trump Could Send a Shock Through Natural Gas - Rakesh Upadhyay, OP
Excessive Regs Kill 2nd Chances - Diane Schanzenbach & Ryan Nunn, RCM
That chart depresses the hell out of me.
Someone needs to bail her dumb @ss out! President-Elect (LOVE THAT!) Trump is just the guy. :)
W and Obama were economic disgraces who put the growth of corrupt government first.
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