New York Daily News

Can’t bank on President

- Reuters

PRESIDENT Trump’s name was rarely mentioned as top central bankers and economists spent Friday mulling the fate of the global economy at a mountain lodge in Wyoming.

But his presence loomed large at a Federal Reserve symposium, and even without citing the man in the White House, the presentati­ons — from Fed Chairwoman Janet Yellen, European Central Bank President Mario Draghi and a host of researcher­s — amounted to a broad rebuttal of many of the ideas that carried Trump to office.

It was a day when the President’s calls for financial deregulati­on and “America First” economic nationalis­m were countered by Yellen’s reminder of how a deep financial crisis wrecked the economy a decade ago.

Draghi gave a broad call for free trade and stronger multilater­al institutio­ns of the sort Trump has criticized.

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