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

Former White House chief strategist Stephen Bannon wanted President TrumpDonald John TrumpTrump to oust Nielsen as early as this week: report California wildfire becomes deadliest in state’s history Sinema’s Senate win cheered by LGBTQ groups MORE to reappoint former Federal Reserve Chair Janet YellenJanet Louise YellenThe Hill's 12:30 Report — Sponsored by Delta Air Lines — Trump says Florida races should be called for GOP | Latest on California wildfires | Congress set for dramatic lame duck On The Money: US workers see highest wage growth since 2008 | Fed releases plan to loosen rules for major US banks | GOP chair criticizes UK tech tax | US drops in World Bank's list of best places to do business On The Money: Trump threatens more tariffs if no 'great deal' with China | Chamber warns against tax targeting tech companies | Dow bounces back | Consumer confidence rises in October MORE, according to a new preface of the book “Devil’s Bargain: Steve BannonStephen (Steve) Kevin BannonJudd Gregg: With the midterms over, opportunity knocks Bannon, ex-Trump officials talked Roger Stone, WikiLeaks with Mueller: report The Memo: Trump remark sparks debate over nationalism 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."

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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.