TNHarley
Diamond Member
- Sep 27, 2012
- 94,755
- 57,406
- 2,605
Trump leans toward replacing Fed chief if he wins White House
Republican presidential candidate Donald Trump would be inclined to replace Federal Reserve Chair Janet Yellen if he wins the White House despite supporting the U.S. central bank's efforts to keep interest rates low, he told Fortune magazine.
"I think she's done a serviceable job," Trump said in an interview published late on Tuesday, as the billionaire real estate mogul moved a step closer to becoming his party's nominee with a resounding win in the New York state nominating contest.
"I don't want to comment on reappointment, but I would be more inclined to put other people in."
Yellen was nominated for the top Fed job by Democratic President Barack Obama and began her four-year term in February 2014.
In his interview, Trump said he "absolutely" backed efforts to diminish the Fed's power and allow Congress to audit it, and backed away from his pledge to erase the more than $19 trillion in U.S. debt in eight years.
Representatives for the Fed declined to comment on the report.
Trump said he favored the low interest rate environment and that raising rates would be a blow to the U.S. economy. Trump had accused the Fed in November of keeping rates low to help Obama, an assertion the White House rejected.
-----
Awesome. Awesome. Awesome.
Republican presidential candidate Donald Trump would be inclined to replace Federal Reserve Chair Janet Yellen if he wins the White House despite supporting the U.S. central bank's efforts to keep interest rates low, he told Fortune magazine.
"I think she's done a serviceable job," Trump said in an interview published late on Tuesday, as the billionaire real estate mogul moved a step closer to becoming his party's nominee with a resounding win in the New York state nominating contest.
"I don't want to comment on reappointment, but I would be more inclined to put other people in."
Yellen was nominated for the top Fed job by Democratic President Barack Obama and began her four-year term in February 2014.
In his interview, Trump said he "absolutely" backed efforts to diminish the Fed's power and allow Congress to audit it, and backed away from his pledge to erase the more than $19 trillion in U.S. debt in eight years.
Representatives for the Fed declined to comment on the report.
Trump said he favored the low interest rate environment and that raising rates would be a blow to the U.S. economy. Trump had accused the Fed in November of keeping rates low to help Obama, an assertion the White House rejected.
-----
Awesome. Awesome. Awesome.