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Yellen critical of Trump's grasp of economic policy
AP/yahoo ^ | 2/26/19 | Martin Crutsinger

Posted on 02/26/2019 9:05:43 AM PST by central_va

WASHINGTON (AP) -- Former Federal Reserve Chair Janet Yellen says she doubts that President Donald Trump has a good grasp of economic policy or even knows the Federal Reserve's mandates.

"I doubt that he would even be able to say that the Fed's goals are maximum employment and price stability," Yellen said in an interview with radio program "Marketplace."

She said Trump has made various inaccurate remarks about the Fed such as that the central bank has an objective for the exchange rate for the dollar that is aimed at supporting the president's trade policies.

She said comments like that show a "lack of understanding of the impact of the Fed on the economy and appropriate policy goals."

Asked in the interview released Monday if she felt Trump had a grasp of macroeconomic policy, Yellen said, "No I do not."

(Excerpt) Read more at yahoo.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: fed; get; of; rid
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Fire this stupid < rhymes with ditch > !
1 posted on 02/26/2019 9:05:43 AM PST by central_va
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To: central_va

She doesn’t work there anymore.


2 posted on 02/26/2019 9:07:12 AM PST by marajade (Skywalker)
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To: central_va

Said the Keynesian interventionst...


3 posted on 02/26/2019 9:07:39 AM PST by Hurricane Andrew (There are no evil thoughts except one: the refusal to think.)
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To: central_va

She’s gone already. I didn’t think so either.

He doesn’t know what he’s doing.

Couldn’t even build a 12 billion dollar empire on his own.


4 posted on 02/26/2019 9:08:16 AM PST by dp0622 (The Left should know if.. Trump is kicked out of office, it is WAR!)
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To: central_va

The fed is a corporation. Their goal is profit. Those other things are simply a side effect.


5 posted on 02/26/2019 9:09:13 AM PST by bk1000 (I stand with Trump)
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To: central_va

he’s doing something right.....


6 posted on 02/26/2019 9:09:46 AM PST by GotMojo
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To: marajade

Yahoo is recycling anti-Trump trash on their home page.


7 posted on 02/26/2019 9:11:23 AM PST by central_va (I won't be reconstructed and I do not give a damn)
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To: central_va

https://www.c-span.org/video/?c4544001/donald-trump-1991-house-hearing-us-economic-recovery-depression-vs-recession


8 posted on 02/26/2019 9:11:33 AM PST by Sacajaweau
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To: central_va

When the Fed causes a recession, Trump knows he’ll get the blame.

The Fed’s current manipulation of interest rates is hurting trade policy and causing us to pay more interest on Obama’s debt.


9 posted on 02/26/2019 9:11:37 AM PST by Moonman62 (Facts are racist.)
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To: central_va

Yelled a still, this was another paid political hit piece.


10 posted on 02/26/2019 9:12:01 AM PST by Clean_Sweep
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To: central_va

What would happen if the Fed were to disappear?


11 posted on 02/26/2019 9:13:01 AM PST by kanawa (Trump Loves a Great Deal)
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To: Clean_Sweep

The UC-Berkeley professor of nothing but faculty lounge drama now bashes Trump. She is exactly what is wrong with America, another Lefty Economist who wants to hurt our economy.

Go eat a salad, Dumpy.


12 posted on 02/26/2019 9:15:01 AM PST by wac3rd (Somewhere in Hell, Ted Kennedy snickers....)
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To: central_va

I know that interest rates used to be at 6% and above, but going from a straight 0% policy during O to a 3.5% in three years really isn’t helping the housing sector.


13 posted on 02/26/2019 9:15:28 AM PST by struggle
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To: central_va

Care to comment on Obama’s or Carter’s understanding? The latter gave us a 21% prime interest rate and the former a negative growth rate.


14 posted on 02/26/2019 9:16:06 AM PST by econjack
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To: struggle

STFU Yeller, you Washington blowhards think you can play puppetmaster with the economy. It isn’t yours to tinker with...it belongs to the people.


15 posted on 02/26/2019 9:17:19 AM PST by PSUGOP
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To: Hurricane Andrew

Looks to me like he understands very well . . . he is just not in lock-step with the wizards behind the curtain pulling all the levers and blowing smoke.


16 posted on 02/26/2019 9:18:29 AM PST by RatRipper
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To: central_va

” maximum employment and price stability”

Neither of which has been achieved in the long run of the Fed.

Price stability? Inflation since enactment is what since 1913? 2400% or there abouts according to inflation calculator.com

Just since 2000 it’s been 46% - HOW IS THAT PRICE STABILITY?

Max employment? Best it has been in the last 50 years is NOW. So is she saying that’s wrong?

FED has not met any of it’s mandates other then bleeding this country.


17 posted on 02/26/2019 9:20:11 AM PST by reed13k (For evil to triumph it is only necessary that good men do nothing)
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To: dp0622
Couldn’t even build a 12 billion dollar empire on his own.

Not according to 0bama, he didn't, not without about $11.999 billion in government help.

18 posted on 02/26/2019 9:22:18 AM PST by ssaftler (Beam me up, Scotty! There's no intelligent life left in this country!)
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To: central_va
"I doubt that he would even be able to say that the Fed's goals are maximum employment and price stability,"

Those are goals, not policy. AND, they have never been attained.

19 posted on 02/26/2019 9:25:07 AM PST by rjsimmon (The Tree of Liberty Thirsts)
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To: central_va

The Fed needs to go.

/Creature from Jekyl Island..


20 posted on 02/26/2019 9:25:25 AM PST by afterhoursarmory
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