Federal Reserve Chair Janet Yellen looks on during the 32nd Annual Group of 30 (G30) International Banking Seminar in Washington, DC, on October 15, 2017. / AFP PHOTO / SAUL LOEB
Donald Trump is set to meet US Federal Reserve chair Janet Yellen this week to discuss a potential renomination to head the central bank, The Wall Street Journal reported Monday.
Yellen’s term as chief of the powerful banking institution is due to expire in February.
Trump has already met with several candidates who could replace the 71-year-old Yellen, including financier Kevin Warsh, Fed governor Jerome Powell and Stanford University economist John Taylor.
As a Republican presidential candidate, Trump accused Yellen — who was nominated by Democrat Barack Obama in 2014 — of maintaining low interest rates to support Democrats.
But upon taking over the White House, Trump praised Yellen for keeping the interest rate low.
Yellen, who hold weekly meetings with Treasury Secretary Steve Mnuchin, has met Trump just once since his election, in February.
She also met in July with Trump’s eldest daughter and senior adviser Ivanka.