Tags: Trump Administration | Donald Trump | GOP2016 | trump | replace | janet yellen | federal

Trump Would Likely Dump Yellen as Fed Chair

Image: Trump Would Likely Dump Yellen as Fed Chair
Donald Trump (Photo by Victor J. Blue/Bloomberg via Getty Images)

Wednesday, 20 Apr 2016 10:13 AM

Donald Trump has hinted that as president he would replace Federal Reserve Chair Janet Yellen.
 
The Republican presidential front-runner, who thrashed Ted Cruz and John Kasich in Tuesday's New York primary, told Fortune:

"I think she's done a serviceable job. I don't want to comment on reappointment, but I would be more inclined to put other people in … There are lots of good things that could be done that aren't being done, amazingly."
 
Commenting on interest rates, Trump said Americans believe the Fed should be raising them, although that might be a mistake.

"If rates are 3 percent or 4 percent or whatever, you start adding that kind of number to an already reasonably crippled economy in terms of what we produce, that number is a very scary number," Trump told Fortune.
 
The problem with low interest rates, Trump added, is they're unfair to those who've "saved every penny, paid off mortgages, and everything they were supposed to do and they were going to retire with their beautiful nest egg and now they're getting one-eighth of 1 percent."
 

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Donald Trump has hinted that as president he would replace Federal Reserve Chair Janet Yellen.
trump, replace, janet yellen, federal, reserve, chair
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2016-13-20
Wednesday, 20 Apr 2016 10:13 AM
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