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Trump says Yellen is 'excellent' but may not be reappointed

If Trump chooses someone to replace her, Yellen, 71, would become the first chair of the central bank not to be reappointed since 1979

Bloomberg 

President Donald Trump said Federal Reserve Chair Janet Yellen is “excellent” but wouldn’t commit to reappointing her on Thursday, when he said he’ll announce his choice to lead the central bank starting next year. “I didn’t say that,” Trump told reporters when asked if she would be his nominee. If Trump chooses someone to replace her, Yellen, 71, would become the first chair of the central bank not to be reappointed since 1979, when President Jimmy Carter replaced G William Miller with Paul Volcker. Her term ends in February. Trump is ...

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First Published: Thu, November 02 2017. 03:07 IST
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