Conservative Republican tries to derail reappointment of Fed's Yellen


  • World
  • Friday, 20 Oct 2017

Federal Reserve Chair Janet Yellen poses for IMF Governors family photo during the IMF/World Bank annual meetings in Washington, U.S., October 14, 2017. REUTERS/Yuri Gripas

WASHINGTON (Reuters) - A member of the U.S. House of Representatives' Freedom Caucus is mounting a campaign to kill any chance of a second term for Federal Reserve Chair Janet Yellen, the latest sign conservative Republicans want a fresh face at the helm of the central bank.

Republican President Donald Trump is expected to announce within a few weeks whether to reappoint Yellen to another four-year term. Other contenders for the job are top Trump economic adviser Gary Cohn, Fed Board Governor Jerome Powell, former Fed governor Kevin Warsh and Stanford University economics professor John Taylor.

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