Trump leans toward replacing Fed chief if he wins White House

U.S. Republican presidential candidate Donald Trump speaks at a campaign event at the Indiana State Fairgrounds in IndianapolisRepublican presidential front-runner Donald Trump would be inclined to replace Federal Reserve Chair Janet Yellen if he wins the White House despite supporting the U.S. central bank’s efforts to keep interest rates low, he told Fortune magazine. “I think she’s done a serviceable job,” Trump said in an interview published late on Tuesday, as the billionaire real estate mogul moved a step closer to becoming his party’s nominee with a resounding win in New York state’s Republican nominating contest. “I don’t want to comment on reappointment, but I would be more inclined to put other people in.” Yellen was nominated for the top Fed job by Democratic President Barack Obama, and began her four-year term in February 2014.

Share this article