All the Way Out By: Gabriel PotterMBA, AIFA® 2017.11.21

The slightly ignominious conditions of Janet Yellen’s departure as Federal Reserve Chair stems from the President’s decision to break with tradition of bipartisan continuity at the hypothetically apolitical Fed.  It now comes as little surprise that current chairperson Yellen will not stay on in a subordinate role at the Federal Reserve under her forthcoming replacement, Jerome Powell.  She has submitted a letter of resignation wherein she states she will stand down simultaneously from her post at the Board of Governors, a position she absolutely could take for another seven years (until 2024) before the end of her term.  Now, President Trump will have another opportunity to replace another seat on the board, bringing his total to four replacements, granting the White House amble opportunity to shape monetary policy through their selection process.  

Gabriel Potter

Gabriel is a Senior Investment Research Associate at Westminster Consulting, where he is responsible for designing strategic asset allocations and conducts proprietary market research.

An avid writer, Gabriel manages the firm’s blog and has been published in the Journal of Compensation and Benefits,...

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