How Trump Bailed Out Janet Yellen and the Federal Reserve — For Now

Posted by on October 12th 2017 in Uncategorized | Be the first to comment!

By Tho Bishop By: Tho BishopThe biggest winners of the Trump Presidency is also the most surprising: Federal Reserve Chairman Janet Yellen.After all, Yellen was a constant target for criticism by Candidate Trump, going so far as to accuse her of being “more political than Hillary Clinton.” Beyond Mr. Trump’s barbed rhetoric, pundits such as Paul Krugman predicted that Trump’s ascendency would be disastrous for the US economy and the stock market in general, which would have wiped out the modest recovery that Yellen’s legacy depends on.Almost a year after Trump’s election, the world looks quite different. Not only has Wall Street toasted …read more

Source:: Mises Daily

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