A former chair of the US central bank has sharply criticised President Trump’s economic knowledge.

In an interview on US radio, Janet Yellen said he did not understand economic policy or the key purpose of the US Federal Reserve.

Janet Yellen also said that Mr Trump’s focus on the US-China trade deficit was misguided.

The US and China have been in a year-long dispute, which has seen the imposition of trade tariffs.

Ms Yellen, who left the

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