Trump says his Fed chair decision is coming within weeks
President Trump indicated Friday he is close to deciding whether to retain or replace Federal Reserve Chair Janet Yellen in her position and will announce his choice in the near future.
"I've had four meetings for Fed chairman, and I'll be making a decision over the next two or three weeks," he said in a press conference on the White House lawn. Yellen, former Fed Governor Kevin Warsh, and current Governor Jerome Powell are reportedly among the candidates.
Yellen's term expires in February. She was nominated by then-President Obama for the role and confirmed by the Senate in 2014. Trump has sent mixed messages on his view of the fed chief in the past, saying both that she has "done a good job" and that she should be "ashamed of herself" for making a "false stock market."
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
7 bars with comforting cocktails and great hospitalitythe week recommends Winter is a fine time for going out and drinking up
-
7 recipes that meet you wherever you are during winterthe week recommends Low-key January and decadent holiday eating are all accounted for
-
Nine best TV shows of the yearThe Week Recommends From Adolescence to Amandaland
-
TikTok secures deal to remain in USSpeed Read ByteDance will form a US version of the popular video-sharing platform
-
Unemployment rate ticks up amid fall job lossesSpeed Read Data released by the Commerce Department indicates ‘one of the weakest American labor markets in years’
-
US mints final penny after 232-year runSpeed Read Production of the one-cent coin has ended
-
Warner Bros. explores sale amid Paramount bidsSpeed Read The media giant, home to HBO and DC Studios, has received interest from multiple buying parties
-
Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
