Bannon wanted Trump to keep Yellen as Fed chair: report
© Greg Nash

Former White House chief strategist Stephen Bannon wanted President TrumpDonald John TrumpCNN's Zucker: Trump 'secretly watching CNN' all day and night GOP candidate behind 'Deportation Bus' loses in gubernatorial bid Penn to Hewitt: Mueller probe born out of ‘hysteria’ MORE to reappoint former Federal Reserve Chair Janet YellenJanet Louise YellenClinton to be honored at Harvard for ‘transformative impact’ Fed nominees vow to rebuff pressure from Trump on interest rates Fed official defends moves on bank regulation, supervision MORE, according to a new preface of the book “Devil’s Bargain: Steve BannonStephen (Steve) Kevin BannonRepublicans succeeded at raising insurance premiums for too many Overnight Finance: Trump signs repeal of auto-loan policy | Justices uphold contracts that bar employee class-action suits | US, China trade war 'on hold' Facebook should not be a meeting ground for America’s most racist MORE, Donald Trump, and the Nationalist Uprising,” cited by Bloomberg.

“The Breitbart posse is in love with Janet Yellen. If we get behind her, that is the signal of signals — the realignment of American politics,” Bannon told the book's author, Joshua Green, adding "Yellen's my girl."

ADVERTISEMENT

Bannon reportedly mulled pushing Trump to keep Yellen as Fed chair after he departed the White House in August of last year. The former chief strategist had expressed concerns that a more hawkish Fed chairman could hinder economic growth.

But Bannon ultimately did not push for Yellen and Trump went in a different direction.

Trump appointed Republican Jerome Powell, who was sworn in earlier this month, to lead the U.S. central banking system.

Powell is expected to be more attuned to the impact of the Fed’s policies on the financial markets than a traditional Fed chair.

Yellen told PBS in an exit interview that she was disappointed not to have been reappointed.

“I would have liked to serve an additional term and I did make that clear, so I will say I was disappointed not to be reappointed,” she said.