Center for American Progress

Will Trump pick a Fed chair who would undermine his agenda?
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Will Trump pick a Fed chair who would undermine his agenda?

Author Michael Madowitz explains why President Donald Trump should reappoint Janet Yellen as Federal Reserve chair as opposed to a candidate who would undermine his populist trade agenda.

The list of potential Federal Reserve chairs keeps shrinking, but the choice is increasingly between the status quo and a pick who undercuts candidate Trump’s populist claims on trade.

It takes some mental gymnastics to argue the administration shouldn’t just do what every president since Ronald Reagan has done: reappoint the chair — Janet Yellen. But, given the Trump presidency to date, prediction markets can be forgiven for betting on mental gymnastics. So what do the gymnastics look like?

The above excerpt was originally published in MarketWatch. Click here to view the full article.

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Michael Madowitz