Sam Fleming in Washington
Donald Trump would probably replace Janet Yellen as Federal Reserve chair if he wins the presidential election, the presumptive Republican nominee said on Thursday.
The property developer turned politician told CNBC that Ms Yellen is “not a Republican” and that it would be “appropriate” to put someone new in the position when her four-year term expires in February 2018.
Nevertheless, Mr Trump also said that he agreed with Ms Yellen’s policy of keeping short-term interest rates low, saying that rate increases would push up the dollar and damage America’s competitive position with China, as well as making it harder to service US debt.
“I have nothing against Janet Yellen whatsoever; I think she has been doing her job,” said Mr Trump, describing her as “very capable”. However, he added: “She is not a Republican . . . when her time is up I would most likely replace her because of the fact that I think it would be appropriate.”
https://www.ft.com/cms/s/0/7271d02e-12eb-11e6-91da-096d89bd2173.html#axzz47pDrmj00