“Yellen is the first woman to lead the Federal Reserve; she’ll also be the first Fed leader in decades to be denied a second term after completing a first.“
As a woman and an Obama appointee, Yellen never stood a chance of being reappointed by Trump.
Exactly. Gotta get a man in there to make sure the job is done right - even if he has been subordinate to Yellen and intends to follow her policy lead.
Sigh…
I think the reputation is now well earned that any appointment by trump should be treated with skepticism.
I know nothing of Mr. Powell, but I will express amazement that the Mango Mussolini actually chose someone who actually has some knowledge of the job they’re being nominated for.
Nonetheless, it’s still a Drumpf nominee, so Mr. Powell is inevitably still very damaged goods.
This is probably as good as it could be under the circumstances…though Trump would have done himself a political favor by keeping Yellen, but the Republican rejection of anything Obama probably doomed her, even if Trump thought she should stay. Look for the other chairs to be more in line with Taylor though, those appointments won’t be as visible so the idiots who would have ruined the economy in 2008 will get those chairs.
I noticed this
The seven-member board has three other vacancies
which may be more crucial given trump’s inattention to such “minor” offices. That means any regulatory decisions the Fed makes, unless they’re unanimous, can be litigated endlessly on the grounds that a full board would not have made the same decision.
But in the end, he opted for Powell, a Republican, over Yellen, a Democrat, explaining last week that doing so would allow him to put his own mark on the Fed.
okay
Gee, and Sam Clovis just opened up his schedule…shocking.
BREAKING NEWS!! President Trump, in a Rose Garden event, ceremoniously urinated on a representation of the Federal Reserve, saying, “You like to make your own mark.” This event marked the fifth public urination on an effigy of a Federal department the President has performed this week.
Following the ceremony, as the President walked away, could be heard muttering, “Who are these losers? Why am I wasting my time on the accounting pool? Don’t I have people for this?”
She is also not somebody who has amassed tens of millions of personal wealth. That alone should clearly disqualify her in Trump’s pigeon brain.
No matter.
Donald doesn’t follow the law.
Donald just could not stand a powerful woman in charge and supremely more intelligent and decent than Donald.
Donald just couldn’t stand that.
So, now there is a “male” Yellen…
Donald is such an a**
Well , at least Trump-Trump wont need to rob the bank , hell just ask for the keys .