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thecrashingisles

Fed faces Trump glare for creating 'false economy'

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https://www.ft.com/content/81ccb764-a698-11e6-8b69-02899e8bd9d1

Quote

The election of Donald Trump as US president will unleash a policy shift away from monetary policy towards fiscal measures in the coming months, some of his advisers told the Financial Times.

I won't quote too much as it's the FT but they're predicting an end to loose monetary policy.

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42 minutes ago, thecrashingisles said:

https://www.ft.com/content/81ccb764-a698-11e6-8b69-02899e8bd9d1

I won't quote too much as it's the FT but they're predicting an end to loose monetary policy.

...his advisers are quoted as saying the Central Bank created a false economy ...that could be said of many central banks around the world without mentioning names....:rolleyes:

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Apparently there's no intention to sack Yellen but she won't be invited to stay on past 2018. Given that kiss of death, I wouldn't be surprised if she resigned, paving the way for Trump to choose someone more to his liking.

Then again, I have a sneaking suspicion that when he gets into power and finds out just how badly fubar it all is, he might suddenly decide that it's best left to someone "independent" after all.

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