Donald Trump once said he liked Janet Yellen, the U.S. Federal Reserve chair he inherited from Barack Obama, the previous U.S. president. Yellen was a fellow New Yorker and she favoured low interest rates. But none of that was enough to reappoint her when her term ran out.
“You like to make your own mark, which is maybe one of the things she’s got a little bit against her,” Trump told Fox Business Network in October 2017 as he pondered his options. He eventually chose Jerome Powell, the current chair, denying Yellen the customary opportunity to serve at least a second term.
Justin Trudeau also likes the central bank chief he inherited from his predecessor.
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