Trump has replaced Janet Yellen, first time a Fed Chair has been not allowed two terms in 40 years.
Trump’s decision not to grant Yellen a second term as chair is a break with the recent tradition of presidents nominating sitting chairs to a second term, even when they have different political affiliations. Yellen is a Democrat and served in the administration of former US President Bill Clinton. Her term ends in February.
I want Tim Cook for president, but you think he’s an idiot.
We can surely do better than Mr. “3 Iphones In One Year”…
Here’s the overview of Donald Trumps’s business acumen. Anyone would have done much much better in an S&P 500 fund
This tax plan is bad, probably will pay a few k more.
well, US is a communist country . see
WASHINGTON (AP) — Nearly four years into Janet Yellen’s history-making turn as the first woman to lead the Federal Reserve, the economy is growing, the unemployment rate is low and the stock market is setting record highs.
President Donald Trump says Yellen is a “spectacular person” and doing a “terrific job.” But he’s not offering her a second term, making her the first Fed chair in nearly 40 years not to be asked back.
Some are questioning why the president is moving aside the glass-ceiling-shattering economist.
“You have to guess gender has something to do with this,” said Heidi Hartmann, president of the Institute for Women’s Policy Research. “I would hazard a guess that most Fed leaders who have done as well as Janet have not been replaced.”
Hartmann, an economist who pushed for Yellen’s appointment, added that former chair Alan Greenspan “managed to transcend parties. Why can’t Janet?”
Trump announced Thursday that that he would replace Yellen at the end of her term in early February. He is nominating Republican board member Jerome “Jay” Powell to take over the powerful job, which steers interest-rate policy and plays an essential role in maintaining economic stability.
The past three chairs of the Fed have all served two or more terms, winning approval of presidents from both parties. Yellen was nominated in 2013 by President Barack Obama, after serving as vice chairwoman.
Frankly Greenspan stayed way too long and was a major cause of the Great Recession… These people should get 4 years max… the cult around Greenspan was blind to his faults…
Oh great, playing the women card again.
I am a big believer of if it ain’t broke (far from it actually), don’t mess with it. This idiot just doesn’t get it. Bezos, three more years…
I guess some people are happy with the <2% growth we were averaging, low labor force participation rate, and large number of part-time workers that can’t find full-time work. Other people think we can and should do better.
I agree… But what is the guarantee that corporations will reinvest in workers… The big problem with American workers is training… Some of the corporate tax savings should be directed to worker training
After all there are more jobs than workers now…
Companies will not hoard all there cash abroad!
Corporation won’t reinvest in workers, but re-invest in business and its expansion as they have better tax rate in US than abroad. More and more money will flow inside USA once this corp tax reform is implemented.
If they have reduced to 15% (as Trump suggested), that would have been major change/WIN to USA.
Corporations need a stick along with the corporate tax cut carrot…
They should be required to eat their spinach before getting desert…
Well, Obama’s economy is ending.
New guy in charge, we all know any administration “whatever” starts with the new budget.
Obama’s economy left the stock market at 23,000 points. We are going to see 40,000 pretty soon, right?
Uh, you wanna bet an Iphone X that he won’t screw this up too? Anybody else in corporate America would have been fired by now for all his missteps and pathetic appointments. We look to our leaders to lead us, not bring us down. Fairly simple concept.
Well, at least he didn’t trade 5 Taliban leaders for 1 guy that pleaded guilty to desertion. Oh, and Obama held a ceremony as the Rose Garden praising the deserter for his service and courage.
Trump also didn’t use all sorts of maneuvers to control the RNC. It’s all out in the public now the way Hillary controlled the DNC. Explains why almost every super delegate pledged their votes to before there was even a primary vote cast. Aren’t you an advocate of 1 person, 1 vote? Clearly, the DNC disagrees with you.
I am just about to go all Twhitler, calling people I don’t agree a bunch of SOBs.
But Obama debating about how cops shoot black people was an insult…
Such a cry baby!
Oh, we should thank that guy above in the sky Marcus is not a republican guy. 
We are doing great. We have 3 stooges in government:
1- Perry, the scientist, who didn’t know the 3 branches of government.
2- Carson. The poor guy makes you fall asleep when he talks. Don’t know crap when he is interviewed in congress about anything in the HUD dept.
3- DeVos. Bought her job through donations.
And, Papadummy, the guy wired, recording all what the Twhitler’s campaign and now working for this administration were talking to the Russians. Fun, so much winning!
Yeah, but Hillary, but Obama…but Uranium…
Tell you what, if you provide your information I will type it in for ya…
Wow the Bd is Stupes voted to impeach.What a bunch of useless assholes… They should be shoveling poop from their favorite constituency, the homeless, instead sending out worthless horseshit edicts…
