Economy

Trump says no decision yet on Yellen but likes her 'a lot'

Trump says no decision yet on Yellen but likes her 'a lot'”

President Donald Trump praised Fed Chair Janet Yellen during a brief gathering with reporters Thursday aboard Air Force One, another nuance to consider as Fed watchers place bets on who will lead the central bank once her tenure expires next year.

"I do respect Chairman Yellen a lot".

The president also noted that the economy is doing well, with the stock market hitting new highs, unemployment very low and companies moving jobs back from overseas. Yellen's current term as Fed chief ends in February 2018. "There's a big reason for that and the reason happens to be Trump".

Rumours have swirled that Mr Trump could appoint aide and form Goldman Sachs executive Gary Cohn, although senior administration officials have recently scotched that notion.



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