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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsYellen Distances Herself in Jackson Hole
By Rich Miller and Craig Torres
August 25, 2017, 1:05 PM EDT
... By broadly defending the sweeping financial rules put in place in the past decade, Federal Reserve Chair Janet Yellen distanced herself on Friday from the anti-regulatory rhetoric of the man who will decide whether to replace her, President Donald Trump.
Yellen, whose term as Fed chair ends in February, used the high-profile setting of the central banks annual symposium in Jackson Hole, Wyoming, to argue that the raft of post-crisis regulations had made the financial system safer without unduly hurting the economy. Any rollback of those rules should be modest, Yellen said.
She seems to be sending a message that if Trump is interested in renominating her, he needs to know that hes going to get someone who doesnt buy into Trump-worlds view of financial regulation, said Ian Katz, an analyst at Capital Alpha Partners, a Washington firm specializing in policy analysis. In other words, If you want me, this is what you get.
Trump has said hes considering reappointing the 71-year-old Yellen as central bank chair, although economists polled by Bloomberg do not expect that shell get the nod ...
https://www.bloomberg.com/news/articles/2017-08-25/yellen-gives-more-swan-song-than-job-audition-in-jackson-speech
Wellstone ruled
(34,661 posts)financial and looming Stock Market disaster. Cohn will just accelerate this scenario,Goldman-Sachs is already crying about how the Bond Market is freezing up. And the rotation into everyday Stocks has been the trend since January,meaning all those Mega Millionaires Investments in safe US Bonds is starting to squeeze their life styles.
mwooldri
(10,321 posts)Maybe it's my mind getting fried but didn't Alan Greenspan keep serving until he wanted to quit and same for Ben Bernanke?
I'll blame it on my memory cells going away if I'm wrong.
Edit to add: What I mean that successive administrations have allowed the Fed Chair to serve as long as it was doing its job. For the most part, it has.