Yellen says politics don’t sway Fed’s monetary policy

Yellen says politics don’t sway Fed’s monetary policy

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Federal Reserve Chairwoman Janet Yellen talks with Ed Wasserman, dean of UC Berkeley’s journalism school, at the Commonwealth Club event. Photo: Liz Hafalia, The Chronicle

Days before Donald Trump will be sworn in as president, Federal Reserve Chairwoman Janet Yellen started and ended a speech in San Francisco Wednesday by saying that the central bank does not favor one party over another.

Speaking before a packed house at the Herbst Theater, Yellen said the Fed is “nonpartisan and focused squarely on the public interest.”

During the campaign, Trump made comments suggesting that Yellen and the Fed were trying to make President Obama look good by keeping…


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