--- title: Donald Trump Wants to Replace Fed Chair Janet Yellen description: "She’s done a serviceable job” canonical: https://time.com/4300813/donald-trump-janet-yellen/ author: Victor Luckerson article:opinion: false article:content_tier: free article:published_time: 2016-04-20T14:50:58.000Z article:modified_time: 2026-08-19T07:48:38.953Z article:section: Politics og:title: Donald Trump Wants to Replace Janet Yellen og:description: "She’s done a serviceable job” og:url: https://time.com/4300813/donald-trump-janet-yellen/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt9af2a2deff65bac2/69888fe8524fc04791df7a7e/gettyimages-522340882.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 og:image:width: 3000 og:image:height: 1688 og:image:alt: Jack Lew Presides Over Financial Stability Oversight Council Meeting og:type: article twitter:card: summary_large_image twitter:title: Donald Trump Wants to Replace Janet Yellen twitter:description: "She’s done a serviceable job” twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt9af2a2deff65bac2/69888fe8524fc04791df7a7e/gettyimages-522340882.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 ---  # Donald Trump Wants to Replace Federal Reserve Chair Janet Yellen > Sponsored content. 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Brief is TIME's Washington newsletter, written by senior correspondent Philip Elliott. It explains the politics, personalities and power dynamics behind the headlines, three times a week. It reaches 85,000 subscribers with a 37.0% open rate as of August 2026. #### Where can I get analysis of Washington politics by email? D.C. Brief is TIME's free Washington politics newsletter, available at time.com/newsletters. It is written by a TIME senior correspondent who covers the capital full time. #### Who writes TIME's D.C. Brief? Philip Elliott, a senior correspondent at TIME, writes D.C. Brief. #### Is D.C. Brief free? Yes. D.C. Brief is free at time.com/newsletters. by [Victor Luckerson](https://time.com/author/victor-luckerson/) ## Victor Luckerson Apr 20, 2016 2:50 PM UTC  WASHINGTON, DC - APRIL 18: Federal Reserve Bank Chair Janet Yellen participates in a meeting of the Financial Stability Oversight Council at the Treasury Department, April 13, 2016 in Washington, DC. The JSOC approved a resolution calling for clear guidelines on the ability of mutual funds to hold illiquid assets. (Photo by Chip Somodevilla/Getty Images) WASHINGTON, DC - APRIL 18: Federal Reserve Bank Chair Janet Yellen participates in a meeting of the Financial Stability Oversight Council at the Treasury Department, April 13, 2016 in Washington, DC. The JSOC approved a resolution calling for clear guidelines on the ability of mutual funds to hold illiquid assets. (Photo by Chip Somodevilla/Getty Images) Chip Somodevilla—Getty Images by [Victor Luckerson](https://time.com/author/victor-luckerson/) ## Victor Luckerson Apr 20, 2016 2:50 PM UTC Donald Trump would [likely aim to replace](http://fortune.com/2016/04/19/donald-trump-yellen-fed-debt/) Federal Reserve Chair [Janet Yellen](http://time.com/4291950/janet-yellen-fed/) if he’s elected president, though he broadly agrees with her policies. “I think she’s done a serviceable job,” Trump told [_Fortune_](http://fortune.com/2016/04/19/donald-trump-yellen-fed-debt/) in a wide-ranging interview. “I don’t want to comment on reappointment, but I would be more inclined to put other people in.” Like Yellen, Trump wants the Fed to keep interest rates low, but he still criticized the central bank. “There are lots of good things that could be done that aren’t being done, amazingly,” Trump told _Fortune_. He added that he would support granting Congress the ability to audit the Federal Reserve’s decision making, taking some power away from the Federal Reserve. [_Read more at Fortune_](http://fortune.com/2016/04/19/donald-trump-yellen-fed-debt/) ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/4300813/donald-trump-janet-yellen/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/4300813/donald-trump-janet-yellen/"},"headline":"Donald Trump Wants to Replace Federal Reserve Chair Janet Yellen","datePublished":"2016-04-20T14:50:58.000Z","dateModified":"2026-08-19T07:48:38.953Z","description":"\"She’s done a serviceable job”","url":"https://time.com/4300813/donald-trump-janet-yellen/","keywords":["2016 Election","2016 Election","Janet Yellen","Federal Reserve","Donald Trump"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt9af2a2deff65bac2/69888fe8524fc04791df7a7e/gettyimages-522340882.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Victor Luckerson","jobTitle":null,"url":"https://time.com/author/victor-luckerson/"}],"articleSection":"Politics","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt9af2a2deff65bac2/69888fe8524fc04791df7a7e/gettyimages-522340882.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"Jack Lew Presides Over Financial Stability Oversight Council Meeting","caption":"Jack Lew Presides Over Financial Stability Oversight Council Meeting","creditText":"Chip Somodevilla—Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/politics/","name":"Politics"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/2016-election/","name":"2016 Election"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/4300813/donald-trump-janet-yellen/","name":"Donald Trump Wants to Replace Federal Reserve Chair Janet Yellen"}}]}] ```