‘Could a Trump victory hurt the economy?’ and other tough questions coming Janet Yellen’s way
Fed Chairwoman Janet Yellen will have to tread carefully to avoid political missteps in two days of likely heated testimony on the economy and interest rates to Congress starting Tuesday.
The “very strange election” season exposes a wide divide between the parties on economic issues, he said, making it potentially hard for Yellen to keep her footing.
Yellen will testify to the Senate Banking Committee beginning at 10 a.m. Eastern on Tuesday and to the House Financial Services panel at 10 a.m. on Wednesday.
Greg Valliere, chief global strategist for Horizon Investments, said Yellen may refrain from any comment that could be construed as pushing for more stimulus.
“If she is seen as an advocate for more spending or tax cuts, she would put a target on her back,” he said.