Economics
Some Trump Aides Want a New Leader at the Fed
- Treasury secretary says Yellen not ruled out for another term
- Trump relishes political loyalty; the Fed tries to avoid it
Fed Chair Janet Yellen's Press Conference in Two Minutes
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Federal Reserve Chair Janet Yellen’s candidacy for another term is encountering resistance from some Trump administration advisers who want a new leader at the U.S. central bank, according to two administration officials, even as the Treasury secretary indicated she may still be in the running.
While White House officials are aware that Fed chiefs in the past have been asked to stay regardless of party affiliation, some advisers are keen to install their own pick in the coveted seat, two officials said on the condition of anonymity to discuss private deliberations. The selection process is in the early stages.