Economy 53,112 Posted November 28, 2016 Share Posted November 28, 2016 https://www.google.ca/amp/www.cbc.ca/amp/1.3855352 Donald Trump has once again slammed the Central Bank (Federal Reserve) for having too much independant power from the main branch of Government and claims theyve done a poor job Janet Yellen (Chairwoman of Fed) has said that Independance works better and basically states that together it would work poorly and that Trump doesnt know what hes talking about. She also plans to use her power as early as next month by raising interest rates to fight off what she called "Trumps inflationary economic policies" when the economy is at a tipping point where inflation may suddenly spike. Link to post Share on other sites More sharing options...
Luc 4,776 Posted November 28, 2016 Share Posted November 28, 2016 Does he just not understand? anyone who reads articles every now and then (like me) knows that the central banks/federal reserve stay independent, even in banana reps like Turkey. Link to post Share on other sites More sharing options...
DeanWinchester 41,390 Posted November 28, 2016 Share Posted November 28, 2016 27 minutes ago, Economy said: She also plans to use her power as early as next month by raising interest rates to fight off what she called "Trumps inflationary economic policies" when the economy is at a tipping point where inflation may suddenly spike. I just sold my funds involving the US while I still have profit I hope it stabilizes soon, US funds have been my most beneficial so far Flyin' like a 1000 Doves Link to post Share on other sites More sharing options...
Economy 53,112 Posted November 28, 2016 Author Share Posted November 28, 2016 1 minute ago, A Gaga Lad said: I just sold my funds involving the US while I still have profit I hope it stabilizes soon, US funds have been my most beneficial so far Same! If she does raise rates then markets will definitely fall then flatline If yields from bonds and fixed income rise enough to be attractive, stocks will no longer go up from investor hype and will require actual earnings growth to go up Link to post Share on other sites More sharing options...
The Fame Joanne 5,985 Posted November 28, 2016 Share Posted November 28, 2016 34 minutes ago, Economy said: https://www.google.ca/amp/www.cbc.ca/amp/1.3855352 Donald Trump has once again slammed the Central Bank (Federal Reserve) for having too much independant power from the main branch of Government and claims theyve done a poor job Janet Yellen (Chairwoman of Fed) has said that Independance works better and basically states that together it would work poorly and that Trump doesnt know what hes talking about. She also plans to use her power as early as next month by raising interest rates to fight off what she called "Trumps inflationary economic policies" when the economy is at a tipping point where inflation may suddenly spike. Have there ever been truer words? Link to post Share on other sites More sharing options...
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