PDA

View Full Version : In the red corner, Donald Trump.



skuthorp
11-18-2016, 04:58 AM
In the seat and not going anywhere without a fight, Janet Yellen!

"Dr Yellen has challenged Mr Trump's plan to unleash massive fiscal stimulus. The Fed chair all but promised that the central bank will raise interest rates next month before the president elect is in office and asserted the independence of the Fed, which faces greater interference by a Republican leadership. (http://www.afr.com/markets/janet-yellen-plots-us-rate-rise-cautions-donald-trump-20161117-gsrzv2) Dr Yellen, who made it clear she would not stand down, told a Congressional committee that unlike in 2008-09, the economy today was "operating relatively close to full employment" and there was less excess capacity.Mr Trump has pledged big corporate tax cuts and infrastructure investment (http://www.afr.com/markets/markets-hail-trump-stimulus-20161110-gsmhbd) to stimulate the economy. The rallying US dollar, rising bond yields and boost to shares in response to Mr Trump's victory are guided by expectations of an expansionary fiscal package that could have "inflationary consequences" and force the Fed to react hawkishly.


Read more: http://www.afr.com/markets/fed-chair-janet-yellen-pierces-donald-trumps-fiscal-euphoria-20161117-gss3nk#ixzz4QLwafoaV

Ian McColgin
11-18-2016, 07:45 AM
Whoever thought a Fed Chair could become a national heroine?

wudzgud
11-18-2016, 12:11 PM
Yellen will be gone by June...