The Nation’s Former Top Banker Thinks Donald Trump Doesn’t Understand Basic Economics

The former head of the Federal Reserve thinks President Donald Trump doesn't understand basic economics, the central banking system or international trade. But she said it in such a way that you might have missed it.

In an interview with Marketplace that aired Monday, former Federal Reserve chair Janet Yellen was asked if she thinks Trump "has a grasp of" macroeconomic policy, which encompasses everything from unemployment to the rates on bank loans.

The former head of the Federal Reserve thinks President Donald Trump doesn't understand basic economics, the central banking system or international trade. But she said it in such a way that you might have missed it. In an interview with Marketplace that aired Monday, former Federal Reserve chair Janet Yellen was asked if she thinks Trump "has a grasp of" macroeconomic policy, which encompasses everything from unemployment to the rates on bank loans.