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Trump's attack on Yellen, Fed could backfire

Is Fed driven by politics?

While it may be unorthodox for a presidential candidate to throw darts at a sitting Fed chair, a good many on Wall Street agree with Donald Trump's criticism that the Fed waited too long to raise rates and that it could be fueling a bubble.

But if Trump does win the White House, some of his comments about the Fed could also cause alarm and raise questions about the future independence of the central bank.

Trump, at the first presidential debate, said Fed Chair Janet Yellen has kept rates low for political reasons and that the Fed is creating a problem for the stock market that will show up when it starts raising interest rates.