ML-Implode News - Janet Yellen needs to announce her resignation -- not a rate hike

... [Yellen also] continued to assert her preposterous notion that the "economy is operating close to full employment." If true, why hasn't she already raised interest rates vigorously? And why, if the economy was doing so well, did the election go so badly for the incumbents -- the Democrats?
The Fed boss understands economics better than Trump. The higher borrowing costs that are already being seen (and which the Fed will pile onto this week) will automatically cause government borrowing costs -- and therefore, spending -- to increase and make US debt levels much worse.

How much worse? That depends on how high rates go and how reluctant the Chinese are to continue to lend us money, especially now that Trump has picked a fight with Beijing.

Relevant:

Janet Yellen needs to announce her resignation -- not a rate hike