Here's what presidential contender Trump said last night in the election debate (in brief)
We are in a big, fat, ugly bubble.
And we have a Fed that's doing political things.
This Janet Yellen of the Fed. The Fed is doing political - by keeping the interest rates at this level.
In this piece, the writer asks:
- if you found yourself wondering how Federal Reserve Chair Janet Yellen could possible remain at her post during a Trump presidency given his repeated votes of no-confidence, you were not alone.
Also, Paul Ashworth of Capital Economics:
- If Donald Trump wins November's presidential election, there is now a clear possibility that Fed Chair Janet Yellen would resign almost immediately, perhaps even before the mid-December FOMC meeting. It is hard to see how she could continue in her position until her current term expires in early 2018.
Ashworth goes on with implications for the FOMC, who would replace Yellen, what would happen if Yellen stays on .... yikes.
Waving 'bye?
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Also .. has anyone else been saying 'Trump Dump' or can I copyright it?
Earlier: Australian dollar facing a Trump dump if he wins
