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Trump thought that Janet Yellen was not big enough to lead the Fed



President Donald Trump would have thought that former Federal Reserve Chairman Janet Yellen was too small to be re-appointed to the top of the Fed, according to current and former officials quoted in a Washington Post report.

Trump reportedly asked their collaborators that they thought Yellen, a former economics professor who had obtained his doctorate at Yale University, was big enough to be named again, sources said. at The Post.

Despite an impressive interview with Yellen, according to sources, Trump ended up siding with the advisers who suggested he choose another candidate. Trump has appointed Jerome Powell, a former member of the Fed's board of governors, to head the Fed in November 2017.

Read more: "So good, why is this happening?": Trump would accuse the Treasury Secretary, Steven Mnuchin, of recommending Jerome Powell to the Fed's presidency

Trump seems to be embarrassed for his candidate, which has reflected Yellen's steady interest rate hikes since his appointment. Interest rates have been raised three times this year and some analysts have predicted another rise in December.

Trump has accused stock market volatility and recent layoffs at General Motors of rising rates, which he called "error" and "crazy."

"They make a mistake because I have an instinct, and my gut tells me more sometimes that someone else's brain can never tell me." said Trump in an interview with The Post.

"Up to here, I'm not even a little happy with my selection of [Powell]. Not even a little bit, "added Trump. And I do not blame anyone, but I'm just telling you that I think the Fed is very distant with what it's doing. "

On the basis of other reports, Trump repeatedly commented on the physical appearance of other senior officials. Rumor has it that the president would be unhappy with the mustache of National Security Advisor John Bolton and said that H.R. McMaster, Bolton's predecessor, "looked like a beer salesman" in a suit.

INSIDER contacted the White House to comment on Yellen's claims.


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