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Donald Trump Wants to Replace Federal Reserve Chair Janet Yellen

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Jack Lew Presides Over Financial Stability Oversight Council Meeting
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

Donald Trump would likely aim to replace Federal Reserve Chair Janet Yellen if he’s elected president, though he broadly agrees with her policies.

“I think she’s done a serviceable job,” Trump told Fortune 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

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