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Time is running out for Trump to make a big decision that will shape his economic legacy





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The clock is ticking for President Donald Trump to nominate someone to lead America’s central bank.

The four-year term of Federal Reserve Chair Janet Yellen, who was nominated by President Barack Obama, will end in February. Trump has said he has “a lot of respect” for Yellen, but whether he’ll pick her for another term is still unknown.

It’s a critical choice as the Fed slowly reverses the recession-era policies it put in place, particularly historically low interest rates and bond purchases that expanded the assets on its balance sheet to $4.5 trillion.

The Fed hasn’t achieved all of its objectives, but read more >>>

Source:: BusinessInsider.Com

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