patrick.net

She can't be sacked! She has that term until she quits or dies!

Then She will end up in the escavation bucket when we drain the swamp.

Hey, wait a minute. If rates go up, then home prices go.....err....let's not be hasty.

Blurtman says

Hey, wait a minute. If rates go up, then home prices go.....err....let's not be hasty.

I wish!

It's possible.

Section 10.2 of the Federal Reserve Act.  The relevant passage is quoted below (highlighted for emphasis.[1]

"Upon the expiration of the term of any appointive member of the Federal Reserve Board in office on the date of enactment of the Banking Act of 1935, the President shall fix the term of the successor to such member at not to exceed fourteen years, as designated by the President at the time of nomination, but in such manner as to provide for the expiration of the term of not more than one member in any two-year period, and thereafter each member shall hold office for a term of fourteen years from the expiration of the term of his predecessor, unless sooner removed for cause by the President."

What constitutes "cause", however, is unspecified.  For instance in the  Humphrey's Executor v. United States the Supreme Court limited the President's absolute ability to remove appointed officials, which it determined was functioning as an agent of the legislature and the judiciary.

*Trump & Congress could essentially also make her life a living hell, and legislation to audit the Fed could be submitted & passed.

And what about the stock market? While it should like Trump's tax plan, what will protectionism do? But more Americans employed versus foreigners would be good f it can happen. Should be interesting.

Trump appoints someone new, who will what, immediately raise interest rates? GRRRrrrrrreat ...

So, long rates will continue to trade within a range, because the new normal won't allow rates too go up on them, at least too far. Demand for long bonds is massive. Check it out:

http://www.talkmarkets.com/content/bonds-education/blackrock-cap-on-yields-because-of-monumental-bond-demand?post=111451&uid=4798

So, exactly what will be accomplished by throwing out Yellen, Free?

Blurtman says

And what about the stock market? While it should like Trump's tax plan, what will protectionism do? But more Americans employed versus foreigners would be good f it can happen. Should be interesting.

Think about all the concrete and Portland Cement, all the steel, all the construction jobs, that will happen when we MAGA the Infrastructure.

Catapult her head in a bag at the DNC headquarters.

Raise prime rate in haste . . . . .

Betting Starbucks that rate hope and change is coming . . . .

We'll see. The Republicans control the Senate and House. A Scalia like SCJ? Hmmmm...

He won't vag grab her, I don't think. Will feminists demand that he does?

DIE! Every D & R voter since 1913.

The Rep/Con/Teas will own what happens in the economy & the Fed Res for 4 years.
Stupid tards are celebrating.
Hillary's not president!

Trump could pay Hillary to arrange for a suspicious suicide for Yellen

So, Trump could get a person to raise interest rates, the neoFisherism effect. But, that takes guts, but it needs to be done or we will be in the negative.

God yes.

Gary Anderson says

So, Trump could get a person to raise interest rates, the neoFisherism effect. But, that takes guts, but it needs to be done or we will be in the negative.

Low rates is keeping economic activity going. Raising rates into this is bad bad mojo. There is no inflation ... yet.

Blurtman says

Hey, wait a minute. If rates go up, then home prices go.....err....let's not be hasty.

When rates were 10%+ in the 1980's, home prices did not go down, but actually increased.
If Yellen pushes up rates too much, homes will become even less affordable, hurting economic growth that Trump wants.

Rew says

Low rates is keeping economic activity going. Raising rates into this is bad bad mojo. There is no inflation ... yet.

Wrong, low rates are forcing banks to stop lending for real estate. Their spreads are too low. It is counterintuitive, but low rates stop lending.

I wrote about Jamie Dimon on the subject. http://www.talkmarkets.com/content/us-markets/jamie-dimon-is-janet-yellen-proving-will-rogers-right?post=106802&uid=4798