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Janet Yellen

Trump says he would likely replace Yellen once her term ends

Donald Trump said Thursday he has nothing against Janet Yellen but would likely replace her as Fed chair once her term is up.

In an interview with CNBC, the likely Republican presidential nominee said he thinks it would be appropriate for him to nominate someone else to lead the Fed since Yellen is not a Republican.

"People that I know have high regard for her, but she is not a Republican," Trump said. "When her time is up, I would most likely replace her because of the fact that I think it would be appropriate."

President Barack Obama selected Yellen, a Democrat who was head of the Council of Economic Advisers in the Clinton administration, to...

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