Yellen reportedly out of Fed chair competition

Janet Yellen

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Citing a source close to President Donald Trump, Politico reported that Janet Yellen is no longer being considered to retain her role as Federal Reserve chair.

Also out of contention, Politico’s source said, is Kevin Warsh, a former Fed governor. The only two remaining candidates are Jay Powell, a former investment banker, and John Taylor, a Stanford University economist.

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