Balance of Power: The Yellen Wild Card
Photos: Bloomberg, Getty; photo illustration: Tom Hall/Bloomberg
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Janet Yellen's path toward a second term as Federal Reserve chair has hit some turbulence.
While President Donald Trump said in April that he likes Yellen, Bloomberg's Washington bureau reports today that the idea of her staying beyond February is encountering resistance from some advisers. Short of lifetime Supreme Court picks, there's hardly a juicier nomination than for the Fed chief, and the selection process gives Trump's aides an opportunity to install their own person who will steer the economy for years to come.