Treasury’s Yellen: ‘Up to the president’ to decide on Fed chief appointment

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Reuters

(Reuters) – U.S. Treasury Secretary Janet Yellen on Tuesday declined to say whether she would support a reappointment of Federal Reserve Chair Jerome Powell for a second term, saying it’s up to President Joe Biden to decide. In an interview with CNBC, Yellen also said she trusts the U.S. central bank to make the right decisions in guiding the economy’s recovery from the recession caused by the coronavirus pandemic. “Well it’s up to the president to make the nomination and the president hasn’t yet made that decision,” Yellen said when asked if she supports a renomination of Powell. “I know he w…

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