Trump hints that he’d replace Yellen as Fed chair

by Ryan Smith21 Apr 2016
Republican presidential frontrunner Donald Trump has hinted he’d replace Fed chair Janet Yellen if he’s elected.

Trump told Fortune that while he’s in favor of the Fed’s low interest rates, he’s not a fan of Yellen.
“I think she’s done a serviceable job,” Trump said. “I don’t want to comment on reappointment, but I would be more inclined to put other people in.”

Trump is strongly in favor of keeping interest rates low. “The best thing we have going for us is that interest rates are so low,” he told Fortune. “There are lots of good things that could be done that aren’t being done, amazingly.”

A significant rate hike now, Trump said, could spell trouble for the economy.

“People think the Fed should be raising interest rates,” he told Fortune. “If rates are 3% or 4% or whatever, you start adding that kind of number to an already reasonably crippled economy in terms of what we produce, that is a very scary number.”

Trump told Fortune that he would “absolutely” support proposals to limit the Fed’s power.

COMMENTS

  • by Anonymous | 4/21/2016 11:09:19 AM

    This is one thing that I agree with him on. Get her out of there. I agree completely. They never should have raised rates last December and they realized after the fact that it was a mistake. They have entirely too much control and unbridled power. Kudos to him for not being afraid to take them on.

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