President Donald Trump said he had a “lot of respect for” Federal Reserve Chair Janet Yellen and she was still in the running to remain at the helm of the U.S. central bank, while indicating that White House aide Gary Cohn was also a top contender for the position.
Trump told the Wall Street Journal in an interview on Tuesday that Yellen, whose term as chair expires in February, “is in the running, absolutely,” adding that he liked her personally and thought she had done a good job. “I’d like to see rates stay low. She’s historically been a low-interest-rate person,” he told the newspaper.
Fed officials began a two-day policy meeting in Washington earlier on Tuesday and are expected to hold rates unchanged when they announce their decision at 2 p.m. on Wednesday.
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