Some House Republicans are calling on President Donald Trump not to reappoint Janet Yellen as Fed chair when her term expires in February.
In a letter sent to the president, the legislators tell Trump that "new leadership" is needed at the central bank to push the economy forward.
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The letter comes as Trump nears the end of a selection process that has become convoluted and volatile in determining the next Fed chair. In recent days, Trump has indicated his decision likely is between Fed Governor Jerome "Jay" Powell and Stanford economist John Taylor.
Trump has said he expects to pick a new Fed chair before he leaves for his next foreign trip Nov. 3.
Reference: CNBC
Read more: https://www.cnbc.com/
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