Just after today's emergency meeting at the Fed, President Obama was set to meet with the "independent" Federal Reserve chair. The White House explained this was to allow the two to "exchange notes" and talk about the state of the US economy. Most crucially, Obama said he "was pleased with the way Yellen had fulfilled her job."
This is what the White House said they would discuss:
- WH SAYS OBAMA TO DISCUSS WORLD ECONOMY AND THE U.S. ECONOMY, AS WELL AS SOME CURRENT REGULATORY ISSUES, IN MEETING WITH FED CHAIR YELLEN
- WHITE HOUSE SPOKESMAN: YELLEN MEETING CHANCE TO 'TRADE NOTES'
Here's a reminder of what has occurred during Obama's reign (and Yellen's)…
Near record high stock prices and near 40-year-low employment participation may not sound "pleasing" to some.
And as we noted earlier, the last time Obama "periodically" checked in with the 'independent' Fed head was just days before Yellen's first historic rate rise in years. Have the banks been complaining to Barack?
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