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Trump's "misunderstanding" of the Fed and the economy



Former head of the Federal Reserve Janet Yellen has taken many hits from President Donald Trump. Now she delivers several of her.

Comments comment on Yellen's departure, which mostly solved his problems with Trump, not to mention anything.

When he spoke for president in 201

6, Trump said: Yellen should be "ashamed" by her monetary policy, accusing her of artificially delaying interest rates in order to increase the status of former President Barack Obama, who appointed Jonah as chairman.

t, he decided not to re-appoint her, making her the first chair of the Fed, in order not to get a second four-year term after the administration of Jimmy Carter.

Yellen had little to say, however, that he had not received a re-appointment, and went on. o join her predecessor, Ben Bernanke, as an employee at the Brookings Institution. She is also president of the American Economic Association.

When it comes to economics, she said on Monday that Trump misunderstood some of the elementary concepts, referring to her position on reducing trade deficits with China and other global partners. when I constantly hear the attention of the president and some of his advisers on the elimination of the bilateral trade deficit with other trading partners, I think that virtually any economist will tell you that there is no real significance for the bilateral trade deficit, and this is not an appropriate policy objective [19659003] Yellen is not alone when Tramp digs it.

Her successor, Jerome Powell, was strongly criticized for raising interest rates, and there was even the suggestion that Trump might replace him.

Yellen said that Trump's pressure on what is believed to be an independent Fed is not healthy.

"President Tramp's remarks about President Powell and the Fed are worrying me, because if I think that it has an impact, especially if conditions in the US for some reason worsen, this could undermine confidence in the Fed," she said. "And I think it will be bad."

Read the full interview here.


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