homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

November 21, 2017

Yellen also leaving Federal Reserve board

  • President Trump now gets to fill five seats on the Fed board, giving him tremendous influence in setting future monetary policy.

    • WASHINGTON (AP) — Janet Yellen on Monday submitted her resignation from the Federal Reserve board to President Donald Trump, announcing that she will leave the board when her successor is sworn in as Fed chairman.

    In a letter to the president, Yellen said she would “do my utmost” to make sure that there is a smooth transition to Jerome Powell, who was tapped by Trump on Nov. 2 to become the next Fed leader after the president decided not to offer Yellen a second term.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.