Yellen Hasn't Decided Whether to Remain at Fed, Mnuchin Says

  • Treasury chief had breakfast with central bank chief Wednesday
  • Yellen has option to stay at Fed as Board of Governors member
U.S. Treasury Secretary Steven Mnuchin talks about Federal Reserve Chair Janet Yellen’s future at the Fed.(Source: Bloomberg)
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Federal Reserve Chair Janet Yellen hasn’t yet decided whether she’ll stay at the central bank in a diminished role when her term as chair ends in February, Treasury Secretary Steven Mnuchin said.

“I don’t think she’s made any decision in regards to that one way or another yet,” he said in an interview on Bloomberg Television, adding that he had breakfast with Yellen earlier Wednesday as part of their regular get-togethers.