Now many are interested in the question of how the US president, Donald Trump will arrive with the head of the Federal Reserve Janet Yellen, especially after the sudden dismissal of FBI Director James Comey.
Recall at the Trump ambiguous opinion on account of the current Fed chairman, he has repeatedly, then praise, then succumb to harsh criticism of its actions. For example, during the campaign, he said that, despite the fact that the work Yellen no complaints, it does not consider it necessary to put forward its candidacy for a new term. Although, logically, this statement contradicts the principle of independence of the Central Bank of the policy.
Before the elections, the point of view of Trump has changed dramatically, and he harshly criticized Yelen in conducting loose monetary policy. And after the election, opinion has changed President Trump, and he announced that he would not dismiss the head of the Fed, and will provide an opportunity to get to the end of his term, which ends in 2018 already. And also he said that he likes the low interest rate policy, which is contrary to his previous statements.
Note that under the legislation, Trump can fire the head of the Fed, despite the independence of the regulator. The Federal Reserve Act stipulates: "Each member of the Fed's Board of Governors is appointed for a term of 14 years, non-renewable term. The Law on the Federal Reserve also provides for the right of the US President to dismiss any member of the Council. "
Thus, the question Yelen remains open whether it will hold the position until the expiry date or is dismissed, entirely dependent on the incumbent President Trump.
Based on materials WELTRADE
