The US president can appoint US FED head, Obama put the last couple in there.
Donald Trump and Janet Yellen go head-to-head in Fed Reserve stoush
By business reporter Thuy Ong
Posted 27 minutes ago PHOTO: President-elect Donald Trump has called Dr Yellen "highly political" in the past. (AP: Alex Brandon) MAP: United States
Federal Reserve chair Janet Yellen has hit back at President-elect Donald Trump, indicating she will serve out her full term until 2018, in a rebuke to Mr Trump's comments on the campaign trail he would be inclined to replace her.
Mr Trump has been scathing of Dr Yellen and the Federal Reserve, calling her "highly political" while also questioning the Fed's independence.
This prompted speculation he might try to pressure her into stepping down early. His advisers said it was not his intention but suggested Mr Trump would not reappoint her, according to Bloomberg.
"She is not raising rates for a very specific reason, because [President Barack] Obama told her not to, because he wants to be playing golf in a year from now ... and he doesn't want to see a big bubble burst during his administration," he said last November.
PHOTO: President-elect Donald Trump has called Dr Yellen "highly political" in the past. (AP: Alex Brandon)
