Trump not seeking Yellen’s resignation, says adviser

Donald Trump is not seeking the resignation of Federal Reserve Chairwoman Janet Yellen, The Wall Street Journal reported.

{mosads}“He’s not urging her to resign at all,” Judy Shelton, an economist and senior fellow at the Atlas Network who advises Trump, told The Wall Street Journal.

Yellen’s term expires in February 2018.

Shelton said that when Yellen’s term is up, Trump has said he wants someone to serve in the position “whose thinking is more in keeping with his own,” according to the Journal.

During his presidential campaign, Trump attacked the Federal Reserve. He accused Yellen of doing President Obama’s bidding by keeping interest rates low.

He charged in September during an interview with CNBC that the Fed was no longer politically independent and instead was pursuing policies to boost Obama in his final months in office.

Yellen dismissed the charges from Trump that the central bank is effectively beholden to Obama.

“I can say emphatically that partisan politics play no role in our decisions about the appropriate stance of monetary policy,” she told reporters. “We do not discuss politics at our meetings, and we do not take politics into account in our decisions.”

At a campaign event later in September, Trump doubled down on his charges against the Federal Reserve.

“We are in a big, fat, ugly bubble. … The day Obama goes off, and he leaves, and goes out to the golf course for the rest of his life to play golf, when they raise interest rates, you’re going to see some very bad things happen, because the Fed is not doing their job,” Trump said during a campaign event. 

“The Fed is being more political than [former Secretary of State Hillary] Clinton.”