How will the US Federal Reserve deal with Trump’s excesses?

The Fed’s job is to keep inflation at a sustainable rate, but will Janet Yellen rain on the president’s parade?

Barry J Whyte

Chief Feature Writer @whytebarry
19th March, 2017
Janet Yellen

Bill Martin was the chair of the US Federal Reserve for nearly 20 years, through the presidencies of Harry Truman, Dwight Eisenhower, John F Kennedy, Lyndon Johnson and Richard Nixon.

Through that period, 1951 to 1970, Martin guarded the independence of the Federal Reserve – the US central bank, which had only been founded in 1913 – with vigour.

He also articulated a clear view of the role of the Fed, never more famously – or more pungently –...

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