trump calls yellen impressive as replacement choice looms
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Trump calls Yellen 'impressive' as replacement choice looms

Arab Today, arab today

Arab Today, arab today Trump calls Yellen 'impressive' as replacement choice looms

Fed chair Janet
Washington - AFP

President Donald Trump on Wednesday called Fed chair Janet Yellen "very impressive," as his choice for a possible successor loomed.

"I have it down to two or three people," Trump told Fox Business.

Yellen, who was named by Barack Obama in 2014, is set to wrap up her term in early April. And Trump was not short on praise.

"She was in my office a few days ago. She is very impressive. I like her a lot. I would certainly think about it," the US president went on.

"I would like to say you (as president) would like to make your own mark, which is maybe one of the things she has a little bit against her.

"But I think she is terrific. We had a great talk. And we are obviously doing very well together, looking at the markets," Trump stressed.

For most presidents, giving Yellen another four-year term would be the obvious move: unemployment is falling, inflation is low and, despite whipsawing hurricanes, the economy is growing. 

By any measure, Yellen has performed exceedingly well.

Still, betting markets currently expect Trump to pass over Yellen -- making him the first president not to retain the incumbent Fed chair since Jimmy Carter dumped Arthur Burns in favor of G. William Miller while US inflation skyrocketed in 1978.

That would mean changing horses midstream, even though the economy is the one area of smooth sailing for an administration broadly engulfed in turmoil.

She also is a favored target of Republican lawmakers that Trump may need to govern and who believe interest rates should be higher but regulations reduced.

Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

trump calls yellen impressive as replacement choice looms trump calls yellen impressive as replacement choice looms

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

trump calls yellen impressive as replacement choice looms trump calls yellen impressive as replacement choice looms

 



GMT 09:16 2017 Wednesday ,13 December

Cape wearing tips

GMT 20:49 2017 Monday ,21 August

South Asia floods claim more than 750 lives

GMT 19:06 2016 Saturday ,10 December

IOF Close Al-Nabi Saleh Village's Entrance

GMT 18:01 2017 Wednesday ,22 February

Abu Sayyaf ‘likely’ behind Vietnam freighter attack

GMT 06:41 2017 Sunday ,03 December

Hamas threatens 'intifada' over US moves on Jerusalem

GMT 16:17 2017 Saturday ,21 January

BMW 7 series crosses 5,000 unit mark in 2016

GMT 12:17 2016 Wednesday ,24 February

United Technologies nixes Honeywell merger

GMT 23:37 2017 Monday ,31 July

Saudi Arabia sanctions Hezbollah member

GMT 05:45 2018 Saturday ,29 September

Abdullah bin Zayed hosts official reception in New York

GMT 04:12 2018 Friday ,12 January

Saudi-led coalition says Yemen rebels threat

GMT 11:18 2014 Monday ,22 December

Richard Ward adds to The Chelsea Collection

GMT 21:20 2017 Monday ,06 February

UN resumes food air drops in Deir Ezzor

GMT 22:24 2017 Friday ,15 December

HRH Premier thanked by Cambodian counterpart

GMT 02:11 2017 Monday ,23 October

Oct24/Nov22

GMT 21:31 2017 Monday ,11 December

HM King congratulates Burkinabe President

GMT 20:22 2017 Monday ,23 October

EU deplores attack against police
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday