Trump does not grasp macroeconomic policy – Yellen

Janet Yellen of the Federal Reserve
Day Donaldson/Flickr

Former Fed chair Janet Yellen said President Trump does not have a grasp of macroeconomic policy, according to an interview with Marketplace.

“I doubt he would even be able to say that the Fed’s goals are maximum employment and price stability, which is the goals that Congress have assigned to the Fed,” Yellen said.

“He’s made comments about the Fed having an exchange rate objective in order to support his trade plans, or possibly targeting the US balance of trade. And, you know, I think

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