Trump Liking Yellen Ignites Prospects for Fed Policy Continuity
- In Wall St. Journal interview, Trump says he respects Yellen
- His comments mark a reversal from his campaign-trail criticism
Trump Sees Dovish Fed Chair as Good
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President Donald Trump hinted for the first time that he’s open to keeping Janet Yellen at the helm of the Federal Reserve. For markets trying to predict the future of monetary policy, that’s a change of heart that suggests continuity during an era of disruption in Washington.
“I do like a low-interest rate policy, I must be honest with you,” Trump said, according to a Wall Street Journal report on Wednesday. Of Yellen, he said “I like her, I respect her,” though “it’s very early.”