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federal reserve

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."