Janet Yellen,the Fed chair who has been criticised by Donald Trump, is set to raise rates for third time since financial crashThe US central bank is poised to raise interest rates for only the third time since the financial crash of 2008. With its headquarters just round the corner from the White House, or the Federal Reserve and its chair,Janet Yellen, are in Donald Trump’s sights. On the campaign trail Trump said Yellen should be “ashamed” of the Fed’s low interest rate policy, or accused the bank of creating a “fraudulent stock market”. Trump has called for higher rates,but Yellen can not take a positive presidential reaction for granted. Related: Trump is set to win the battle on interest rates, but US economy will pay the price Continue reading...
Source: theguardian.com