Trump says Yellen and Cohn in running for next term as Fed chair

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(AP)

As the end of Federal Reserve Chair Janet Yellen’s term approaches in February, President Donald Trump has not ruled out re-nominating her, he told The Wall Street Journal Tuesday.

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Trump said that while Yellen is still in the running, he is also considering replacing her with another candidate — National Economic Director Gary Cohn.

The president said he has a "lot of respect" for Yellen and thinks she is serving capably. But, he says he's also considering other candidates, including Cohn, who joined the Trump administration after a 26-year career at Goldman Sachs.

Yellen has declined to say whether she wants to serve another term. In a hearing before the House Financial Services Committee earlier this month, the current Fed chair skillfully dodged questions about her future at the central bank.

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“It’s something that hasn’t been an issue so far, it’s not been something that’s come up. But I would certainly, it’s something I would discuss with the president, obviously,” Yellen said, indicating she has not yet had a conversation with President Trump about her future at the Fed.

Trump says Cohn, who was present for the interview, didn't know he was under consideration for the Fed job.

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The Associated Press contributed to this report.

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