During an interview this morning on CNBC, Donald Trump said he would likely get rid of Federal Reserve chair Janet Yellen after her current term expires (because she is not a Republican), but said he was not against the Fed's current low-interest rate policy.
From the interview:
I have nothing against Janet Yellen whatsoever. I think she’s been doing her job, and I have absolutely nothing against her. I don’t know her. She’s a very capable person. People that I know have a very high regard for her.
But she’s not a Republican. She's not a person—when her time is up, I would most likely replace her because of the fact that I think it would be appropriate. She’s a low interest-rate person, she’s always been a low interest-rate person. And I must be honest, I’m a low interest rate person. If we raise interest rates, and if the dollar starts getting too strong, we’re going to have some very major problems.
Trump: Nothing against Janet Yellen, but would replace her "when her time is up"https://t.co/1FrUQN11hM— CNBC Now (@CNBCnow) May 5, 2016