Fed's Brainard Tells Trump to Back Off After Criticism of Yellen

  • Fed points to market data, where Trump cites rates experience
  • ‘I was there with Jimmy Carter’ when Fed funds neared 20%

Fed's Brainard Preaches 'Prudence' in Tightening Policy

Donald Trump’s week began with a call to CNBC. He shared, among other things, his thoughts on monetary policy. “She should be ashamed of herself,” he said of Federal Reserve Chair Janet Yellen. He accused her of keeping interest rates “artificially low” to help the president.

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