Yellen to step down from Federal Reserve board


(Worthy News) – Janet Yellen on Monday submitted her resignation from the Federal Reserve board to US President Donald Trump, announcing that she will leave the board when her successor is sworn in as Fed chairman.

In a letter to the president, Yellen said she would “do my utmost” to make sure that there is a smooth transition to Jerome Powell, who was tapped by Trump on November 2 to become the next Fed leader after the president decided not to offer Yellen a second term.

Yellen’s decision gives Trump the chance to fill five positions on the Fed’s seven-member board, in addition to picking Powell to be the next Fed chairman, all in his first year in office. Board member Lael Brainard will be the only Fed board member not nominated by Trump, meaning his selections will have tremendous influence in setting the country’s future monetary policy. [ Source: Times of Israel (Read More…) ]

12
people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Latest Worthy News

DHS Reportedly Preparing Voter Fraud Probe Surge In Nine States Ahead Of Midterms
U.S. Approves $800 Million Helicopter Arms Deal With Iraq
Israel, Greece Sign $3.5 Billion ‘Achilles Shield’ Air Defense Deal
Israeli Military Raises Readiness as Turkish Naval Activity Sparks Concern
Pakistan Christians Alarmed By Deadly Violence, Abductions And Forced Conversion Claims (Worthy News In-Depth)
Pastor Identified As Victim Of Deadly Christian Festival Sign Collapse
Supreme Court Allows Trump’s White House Ballroom Construction to Continue
Ferry Carrying 267 People Capsizes Near Cyprus; Several Killed
Spain Seeks EU Help As Thousands Of Migrants Remain In Ceuta
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Books by George Whitten

The Eternal Kingdom Revealed cover

The Eternal Kingdom Revealed https://eternalkingdomrevealed.com

The Eternal Kingdom Revealed traces the Kingdom of God as the central story of Scripture, from before creation to the restoration of all things.

Buy on Amazon
The Biblical Fall Feasts Revealed cover

The Biblical Fall Feasts Revealed https://biblicalfallfeasts.com

An in-depth look at the Biblical fall feasts and their prophetic significance for believers today.

Buy on Amazon

As an Amazon Associate I earn from qualifying purchases.