Yellen to step down from Federal Reserve board


(Worthy News) – Janet Yellen on Monday submitted her resignation from the Federal Reserve board to US President Donald Trump, announcing that she will leave the board when her successor is sworn in as Fed chairman.

In a letter to the president, Yellen said she would “do my utmost” to make sure that there is a smooth transition to Jerome Powell, who was tapped by Trump on November 2 to become the next Fed leader after the president decided not to offer Yellen a second term.

Yellen’s decision gives Trump the chance to fill five positions on the Fed’s seven-member board, in addition to picking Powell to be the next Fed chairman, all in his first year in office. Board member Lael Brainard will be the only Fed board member not nominated by Trump, meaning his selections will have tremendous influence in setting the country’s future monetary policy. [ Source: Times of Israel (Read More…) ]

We're being CENSORED ... HELP get the WORD OUT! SHARE!!!

Related News Items:

Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News