Last quote by David Wessel
I think they would realize that anyone else would have to raise rates faster and farther than Yellen to establish his or her anti-inflation backbone. You can see how it would be to their advantage to have a dovish Fed chair. On the other hand, the politics are pretty dicey. She's not very popular with Republicans, so it would take a lot of political capital to get her [confirmation] through the Senate.feedback
David Wessel has been quoted 6 times. The two most recent articles where David Wessel has been quoted are The Fed is united but Trump may be on a different page and Trump Treasury nominee Mnuchin to defend banking record to senators. Most recently, David Wessel was quoted as having said, “It's inevitable there will be some conflict. At some point the White House will decide the Fed is tightening too much. And unlike his predecessors, Donald Trump will probably let us know by Twitter he's unhappy.”.
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Quotes by David Wessel
Mar 14 2017
It's inevitable there will be some conflict. At some point the White House will decide the Fed is tightening too much. And unlike his predecessors, Donald Trump will probably let us know by Twitter he's unhappy.feedback
Jan 19 2017
Traditionally, the Treasury secretary is the lead spokesman on domestic and international economic policy, and if not the most influential, then among the two or three most influential voices on economic policy inside the administration. But there's not much traditional about the Trump administration.feedback
Jan 06 2017
If we get a big dose of fiscal stimulus, whether it's on the tax or spending side, I think the Fed is going raise rates more than expected. We're at near-full employment. The Fed is taking its foot off the gas pedal. If the Congress or the president put their foot down on the gas pedal, the Fed is going to have to pull it off more rapidly.feedback
Nov 09 2016
The only reason Yellen would quit is if (Trump) put people on the board she found offensive. Or she was being outvoted.feedback
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