Posted on 12/06/2016 8:07:38 PM PST by Rockitz
Is Janet Yellen trying to screw Donald Trump?
No, I’m not asking for possible titles to a porn movie (“Trump Gets Janet Yellin’” or “Trump Puts Down Ol’ Yellen”). But it really does seem like the Federal Reserve Chair(wo)man is out to get the Donald.
Yellen recently told Congress’s Joint Economic Committee that an interest rate hike could be imminent if “incoming data provide some further evidence of continued progress toward the committee’s objectives.” Markets have already priced in a hike of a quarter to a half of a percentage point. For now, stocks continue to reach historic highs and the dollar is strong, even as Yellen and her central banking cohorts begin to ease on the gas.
But will Yellen’s gambit plunge us into a recession is the question. Just because Wall Street is gorging on high returns doesn’t mean the economy is sound. For eight years and running, the Fed has kept interest rates near zero percent in an attempt to spark investment and borrowing. Unemployment has gradually shrunk during the Obama years, yet the workforce participation rate remains low by modern standards. Prior to Election Day, two-thirds of Americans were anxious about their economic future.
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If it is indeed Yellen’s plan to tank the Trump presidency on her way out by raising interest rates, the Donald should fight back. He should take to his best medium, the TV, and begin making the public aware of the sabotage going on. When Yellen abandons her throne, Trump should appoint someone who is concerned about the dollar’s long-term stability. A few choices off the top of my head: finance writer and all-around mensch Jim Grant, former Director of the Office of Management and Budget David Stockman, commodity guru Jim Rogers, or former congressional representative and arch-Fed-critic Ron Paul.
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(Excerpt) Read more at zerohedge.com ...
If she is, she won’t be alone.
Yellen does not realize who she is messing with.
How else would she act? Every one of these people will try to put nail strips across Trump’s road before they get turned out.
Well they’ve been putting off a rate hike for just such a moment haven’t they? They’ve been waiting to use it to torpedo a republican administration all along. This is completely predictable.
These Obamaites are vile scum that couldn’t care less for the welfare of the American people.
Must watch! 27 min ...Joel Gilbert talks obama background with NEW info...[frank davis is father]
https://www.youtube.com/watch?v=Qc0gm_1bl9c
Trump talked about this long before the election.
Most likely she is out Feb 1, 2018.
She did try to keep the market afloat until the election with the low, low interest rates supporting Obama’s increasingly socialist economy.
But now, the world is realistically starting to consider the possibility that Trump and his movement will MAKE AMERICAN GREAT AGAIN!
A little tame inflation of rates and even prices is actually good for growth. It gives businesses the rationale for investing NOW, not LATER.
The world has been run by progressives who have done everything in their power to prop up Obama and progressivism. They can not let their failures be shown. Hence, zero percent interest rates, massive spending, massive welfare, and destructive debt. They will do all in their power to ensure Trump fails.
Yellin may have been postponing an interest hike for the last 18 months more or less. She was helping Obama limp through the last few quarters of his presidency without attracting undue negative attention during the election campaign. Perhaps the rates would be about to rise no matter who was the successor. Those wild horses can only be kept in the barn for so long, then they start kicking the walls out.
She was nominated by Obama, so it’s not a surprise.
Yellen has always be in over her head. She is clueless.
Of course the gender neutral, grey haired troll is!!!!
All of them will do whatever the can to bring the end of this government down in a flaming, indistinguishable heap in January. Yellen can collapse the economy.
This is absolute nonsense. There has been talk of a rate hike this Dec for a long time ... well before Trump was elected President.
Her and the MSM. They are really piling it on trying to make molehills into mountains trying to focus on things Bill Flynn is a conspiracyt theorist (hell who isnt these days; only they’re true with the POSs we have in office) trying to insulate that Tump is making bad decisions on his cabinet picks, a liar by picking apart everything he says, and making a big deal out one of the Carrier deal trying to save their jobs but it a Hillary supporter saying he fudged the numbers or some other BS. He might refrain from giving the press any interviews for a bit because they’re using anything and everything he’s saying against him.
She can try.....but there is that pesky bit in the Constitution regarding legal tender.
Play stupid games, hang off a stupid lamp post...
I am all interest rate locked in. I knew Dems & the Fed hate prosperty and love sabotage.
Yellin, go ahead, screw away.
Gee, ya thínk? What’s ya expect—a rubber biscuit? Heh...
Be back bump
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