If trump could have a do over would he have kept janet yellen?

[99percenter]

Trump is disappointed his boy jerome keeps raising rates. But if he had decided to keep yellen and instead of trying to undo everything obama he wouldnt have this problem. Most presidents keep their predecessors fed pick. Yellen would have been more dovish on rates.

 

[Airyaman]

No. While he may not like him raising interest rates (he complained that they didn't when he was a private citizen), he still would have to see 5'3" Janet Yellen in the job and that would get under his craw. He likes his women young, tall and lean. And typically blond.

 

[Carjosse]

Trump thought he could use him to take control of the central bank but failed, which is probably better for everyone.

 

[99percenter]

Trump thought he could use him to take control of the central bank but failed, which is probably better for everyone.

Yeah I kind of agree. I don't agree with powells hawkish stance but we have to respect his independence from trump.

 

[Myview]

Trump is disappointed his boy jerome keeps raising rates. But if he had decided to keep yellen and instead of trying to undo everything obama he wouldnt have this problem. Most presidents keep their predecessors fed pick. Yellen would have been more dovish on rates.

No, Yellen is agreeing with the present Fed. She said in October that she thought the Fed should raise rates a bit more.

 

[Xelor]

If trump could have a do over would he have kept janet yellen?

Reasoning will never make a Man correct an ill Opinion, which by Reasoning he never acquired.
-- Jonathan Swift, A Letter to a Young Gentleman, Lately Enter’d Into Holy Orders by a Person of Quality​

Who knows? Trump doesn't behave or think rationally, so there's no way to rationally predict what he may have done were he to have a "Mulligan" on replacing Yellen.

Not that it matters whether he kept Yellen matters. Economists, especially super "wonky" ones like those who lead and work at the Federal Reserve Board, really don't care about the politics of macroeconomic policy. They're pretty much pure empiricists.

• The Principles and Practice of Economics

Empiricism isn't dominant only in economics. Accountancy and the law also avail themselves of it.

• The Empiricists
• Accounting Research and Theory:The age of neo-empiricism

Unless Trump were to have appointed a pure Austrian School "junkie," the interest rate changes the Fed have been implementing would have resulted either way. And, frankly, given that a recession is likely going to happen by lat 2020, it's just as well that rates are increasing now, for if they were "super low" come 2020, there'd be no way to lower them to spur a recovery from the recession.

• The Makings of a 2020 Recession and Financial Crisis
• Economists see the Trump economy slowing drastically next year before a possible recession in 2020
• Economists: Second-longest economic boom in US history ends in 2020 … with a recession.
• We are due a recession in 2020 – and we will lack the tools to fight it

 

[Rexedgar]

If Trump had a do-over, he never would have caught the down escalator three years ago........

 

[washunut]

Trump is disappointed his boy jerome keeps raising rates. But if he had decided to keep yellen and instead of trying to undo everything obama he wouldnt have this problem. Most presidents keep their predecessors fed pick. Yellen would have been more dovish on rates.

Perhaps he would have not picked Powell but he wanted to move on from Yellen. Lets remember that the fed is on the course she set,with the economy better than had been predicted when she left. In addition not sure she would have been helpful getting rid of some of the burdensome deregulation.

Not sure where you came up with most presidents keep the same Chair, if you remember Obama moved on from Bernanke.

 

[99percenter]

Perhaps he would have not picked Powell but he wanted to move on from Yellen. Lets remember that the fed is on the course she set,with the economy better than had been predicted when she left. In addition not sure she would have been helpful getting rid of some of the burdensome deregulation.

Not sure where you came up with most presidents keep the same Chair, if you remember Obama moved on from Bernanke.

Maybe you should have done some research before coming up with false statements like that. He gave bernanke a second term and the guy before him served from 87-06. That's 4 administrations.

https://www.wsj.com/articles/SB125116264837455591

 

[Hawkeye10]

If Trump had a do-over, he never would have caught the down escalator three years ago........

Hard No.

 

[Hawkeye10]

The Fed should have been raising rates thus generating ammo for the next downturn a long long time ago.

 

[Common Sense 1]

Trump is disappointed his boy jerome keeps raising rates. But if he had decided to keep yellen and instead of trying to undo everything obama he wouldnt have this problem. Most presidents keep their predecessors fed pick. Yellen would have been more dovish on rates.

You don't have a clue what Yellen would have done. How many times were interest rate raised
for Obama.... 1.

So Barack Obama got to enjoy the benefit of having interest rates slammed to the floor throughout his presidency, and now Donald Trump is going to have to fight against the economic drag that constant interest rate hikes will cause.

 

[washunut]

Maybe you should have done some research before coming up with false statements like that. He gave bernanke a second term and the guy before him served from 87-06. That's 4 administrations.

https://www.wsj.com/articles/SB125116264837455591

Greenspan was an institution. Comparing him to Yellen is like comparing LeBron to me on the basketball court. He held onto Bernanke to keep interest rates below zero when you take into consideration QE.

For you this is about Trump love/hate I would rather look at reality.

 

[Helix]

my guess is that he would still fire her.

 

[chuckiechan]

Trump is disappointed his boy Jerome keeps raising rates. But if he had decided to keep Yellen and instead of trying to undo everything Obama he wouldn't have this problem. Most presidents keep their predecessors fed pick. Yellen would have been more dovish on rates.

I don't know what Yellen would have done, but her soft money positions were threatening to be inflationary, but the new Fed chair is too much the other way.

One of the main goals of the fed is to keep inflation in check - i.e. ~ .5 - 1.5%. With economic growth at 3%, there is room to tighten rates.

It is so much more complicated that the OP lays out. It's not about Obama or Trump:

https://www.cnbc.com/2018/12/19/fed-makes-key-adjustment-in-effort-to-keep-rates-in-line.html

 

[DarkWizard12]

The market should be independent from the Fed, with rates at 0%

 

[Rogue Valley]

Despite her diminutive stature, Yellen wouldn't have done Trumps political bidding.

Neither is Jerome Powell which is how it must be. The Fed is independent of politics. No loyalty oaths.

 

[Mithros]

Trump is disappointed his boy jerome keeps raising rates. But if he had decided to keep yellen and instead of trying to undo everything obama he wouldnt have this problem. Most presidents keep their predecessors fed pick. Yellen would have been more dovish on rates.

I don't think there would have been a significant difference by the Fed. The rising interest rates are IMO more a response to combat the inflationary sugar rush from the idiotic tax breaks. It's counter productive to lower taxes when the economy is good.

 

[Kreton]

Trump is disappointed his boy jerome keeps raising rates. But if he had decided to keep yellen and instead of trying to undo everything obama he wouldnt have this problem. Most presidents keep their predecessors fed pick. Yellen would have been more dovish on rates.

If Trump had a do over I'd hope he would do something far better than reverse that decision.

Like not run for president and attempt to ruin an entire country.
Or not become a disgusting piece of **** with no redeemable qualities.

 

[ALiberalModerate]

Trump is disappointed his boy jerome keeps raising rates. But if he had decided to keep yellen and instead of trying to undo everything obama he wouldnt have this problem. Most presidents keep their predecessors fed pick. Yellen would have been more dovish on rates.

He should have kept Yellen, but Trump's litany of personality disorders coupled with his shear incompetence would still result in him not keeping Yellen for the simple fact she was appointed by a predecessor that most people liked better than him.

Trump thought if he appointed his own Fed Chairman, then they would be indebted to him and he could push them around all he wanted. The notion that anyone would put what they saw as the good of the country over their own personal gain is completely foreign to him. Such a notion is utterly inconceivable to a man like Trump. Everything to him is transactional.

 

[Vadinho]

The fed is more then just the Chairman. Fed policy reflects the opinions of many and usually follows a predictable trajectory. It was inevitable that interest rates would rise as unemployment decreased and incomes grew over time. They really only have interest rates to work with so when they were near zero, they had no room to move if the economy heated up. Hence, they are raising rates to give them room should the economy slide into a recession. Interests rates at these levels will not drive the next recession. Trump is driving the next recession with his idiotic policies and unbalanced tweets and decisions.

 

[99percenter]

Greenspan was an institution. Comparing him to Yellen is like comparing LeBron to me on the basketball court. He held onto Bernanke to keep interest rates below zero when you take into consideration QE.

For you this is about Trump love/hate I would rather look at reality.

If greenspan is the lebron of the fed I don't want to know who the theo ratliff is. The only thing he has going for him is longevity so a better comparison would be to Jeff Fisher who coached for a long time but wasn't any good. Yellen was no doubt a better chair than the guy who is partly responsible for the housing crash.

 

[99percenter]

Reasoning will never make a Man correct an ill Opinion, which by Reasoning he never acquired.
-- Jonathan Swift, A Letter to a Young Gentleman, Lately Enter’d Into Holy Orders by a Person of Quality​

Who knows? Trump doesn't behave or think rationally, so there's no way to rationally predict what he may have done were he to have a "Mulligan" on replacing Yellen.

Not that it matters whether he kept Yellen matters. Economists, especially super "wonky" ones like those who lead and work at the Federal Reserve Board, really don't care about the politics of macroeconomic policy. They're pretty much pure empiricists.

• The Principles and Practice of Economics

Empiricism isn't dominant only in economics. Accountancy and the law also avail themselves of it.

• The Empiricists
• Accounting Research and Theory:The age of neo-empiricism

Unless Trump were to have appointed a pure Austrian School "junkie," the interest rate changes the Fed have been implementing would have resulted either way. And, frankly, given that a recession is likely going to happen by lat 2020, it's just as well that rates are increasing now, for if they were "super low" come 2020, there'd be no way to lower them to spur a recovery from the recession.

• The Makings of a 2020 Recession and Financial Crisis
• Economists see the Trump economy slowing drastically next year before a possible recession in 2020
• Economists: Second-longest economic boom in US history ends in 2020 … with a recession.
• We are due a recession in 2020 – and we will lack the tools to fight it

Raising rates just to lower them when the economy is bad is a bad reason to raise rates. Besides the fed shouldn't be the one stimulating the economy. It should be from the govt.

 

[Xelor]

Raising rates just to lower them when the economy is bad is a bad reason to raise rates. Besides the fed shouldn't be the one stimulating the economy. It should be from the govt.

Red:
The "red" statement tacitly asserts the current economy is "bad," yet it provides no testable indicate of what makes it be "bad."

• Did you think the current US economy is "bad?" And if so, please quantify or precisely qualify what be the continuum and point on it that distinguishes "bad" from "not bad."

Blue:

 

[99percenter]

Red:
The "red" statement tacitly asserts the current economy is "bad," yet it provides no testable indicate of what makes it be "bad."

• Did you think the current US economy is "bad?" And if so, please quantify or precisely qualify what be the continuum and point on it that distinguishes "bad" from "not bad."

Blue:

I never said the current economy is bad. I think you just had a reading comprehension fail. Perhaps you should read it again instead of posting silly pictures.