Economy

Mnuchin: 'Talented' Yellen in Running to Remain Fed Chair

Mnuchin: 'Talented' Yellen in Running to Remain Fed Chair”

The Federal Reserve's monthly release of Janet Yellen's calendar shows that she meet with Ivanka Trump, the daughter of President Trump and a senior White House adviser.

Mnuchin, speaking at the Delivering Alpha conference presented by CNBC and Institutional Investor, said he has been working with President Donald Trump on filling the Fed chairman position.

On June 5, Ivanka Trump tweeted an excerpt of a speech Yellen, 71, gave a month earlier at Brown University in which she said: "Too many women struggle to combine aspirations for work and family".

Reappointing Ms Yellen, who initially took-on the role in 2014, is "one of the things [the president is] still considering", said Mnuchin.

Yellen "is obviously quite talented and she's being considered, but there's a lot of great people we've been meeting with and considering as well", he added, speaking during an interview at a CNBC Delivering Alpha event in NY on Tuesday.

A week later, Trump told The Wall Street Journal Yellen was "in the running, absolutely" for another term at the helm of the Fed, surprising some who thought he was likely to replace her.

However, relations between the two chilled after he spoke out publicly against Trump's response to white nationalist violence in Charlottesville, Virginia, over the summer.

"I will respect the confidentiality of the process and not make comments on the specific people the president is considering", Mnuchin said. The Fed declined to comment.



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