Oanda's Halley Says Yellen Has Done a Very Good Job

The video discusses the potential influence of President Trump on the Federal Reserve, considering the rotating nature of the FOMC voting panel. It highlights the uncertainty in Trump's choice of governors and the economic implications. The discussion shifts to Janet Yellen's legacy, emphasizing her role in navigating the Fed through quantitative easing and interest rate normalization. Despite economic growth, wage-driven inflation remains elusive, posing challenges for the Fed's policy goals.

What is the main question markets are currently asking regarding President Trump's influence on the Federal Reserve?

How does the rotating vote of the FOMC affect the Federal Reserve's decision-making process?

What challenges has Janet Yellen faced in her role as the head of the Federal Reserve?

In what ways has Yellen's approach to tightening monetary policy differed from expectations?

What does the term 'wage-driven inflation' refer to, and why is it significant in the context of the Federal Reserve's goals?