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 ...
She doesn’t work there anymore.
Said the Keynesian interventionst...
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.
The fed is a corporation. Their goal is profit. Those other things are simply a side effect.
he’s doing something right.....
Yahoo is recycling anti-Trump trash on their home page.
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.
Yelled a still, this was another paid political hit piece.
What would happen if the Fed were to disappear?
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.
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.
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.
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.
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.
” 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.
Not according to 0bama, he didn't, not without about $11.999 billion in government help.
Those are goals, not policy. AND, they have never been attained.
The Fed needs to go.
/Creature from Jekyl Island..
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