Wednesday, November 28, 2018

Trump Asked Aides If Janet Yellen Was Too Short to Head the Fed

Too short Yellen
President Trump believed Janet Yellen, the former chair of the Federal Reserve Board, was too short to run the central bank, according to The Washington Post.

Current and former officials told The Post that Trump “appeared hung up on Yellen’s height," asking aides and officials multiple times if they agreed that Yellen, who is 5 foot 3 inches, was tall enough to be in charge of the Fed.

According to this inside the beltway paper, advisers also told Trump he shouldn’t re-nominate Yellen, and instead should have his own, new person as head.

Of course, the problem with Yellen and current Fed chairman Jay Powell is that they are both believers in manipulating the money supply and interest rates, which results in boom-bust business cycles,

Monetary theorists Joseph Salerno or Richard Ebeling should be heading the Fed.



  1. It kinda makes sense. The "best" Fed Chair was undoubtedly "Tall Paul" Volcker.
    Not serious.

  2. For some reason, I think his idea of what deflation is might differ from the rest of us.