Yellen critical of Trump's grasp of economic policy

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Former Federal Reserve Chair Janet Yellen says she doubts that President Donald Trump has a good grasp of economic policy or even knows the Federal Reserve's mandates. 'I doubt that he would even ...

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"She said Trump has made various inaccurate remarks about the Fed such as that the central bank has an objective for the exchange rate for the dollar that is aimed at supporting the president's trade policies.She said comments like that show a"lack of understanding of the impact of the Fed on the economy and appropriate policy goals."Asked in the interview released Monday if she felt Trump had a grasp of macroeconomic policy, Yellen said,"No I do not.

 

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