YELLEN: 'It is full my intention to serve out' my time as Fed Chair by Bob Bryan on Nov 17, 2016, 10:33 AM Advertisement
 Federal Reserve Chair Janet Yellen isn't leaving her job before her term is up in 2018. After the election of Donald Trump, some analysts had questioned whether the Fed Chair would stay in the role given sharp criticism of her policies from Trump during the presidential campaign. When asked if there was any circumstance in which she could imagine not serving out her term, the Chair replied, "No I cannot." Yellen's term is scheduled to go until 2018. "I plan to serve out that term," said Yellen. Trump was highly critical of Yellen and the Fed during the campaign, claiming the Fed was purposefully holding interest rates low to make President Barack Obama and Democratic rival Hillary Clinton look better. Yellen, for her part, has consistently attempted to stay nonpartisan and nonpolitical when questioned in Congressional hearings and press conferences. The Fed Chair also said that the response of financial markets following the election of Trump reflects her opinion of strong and stable economic growth for both the labor market and inflation. Yellen also defended the Dodd-Frank regulations on financial services, which Trump promised to repeal during the campaign. A number of Republicans have said repeal will be a priority in the new Congress. "I certainly would not want to see all the improvements that we've put in place, I would not want to see the clock turned back on those because I do think they are important in diminishing the odds of another financial crisis," said Yellen. Trump has walked back some of his promises to repeal the law since his election. SEE ALSO: YELLEN: An interest rate hike is coming 'relatively soon'
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