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

Former White House chief strategist Stephen Bannon wanted President TrumpDonald John Trump Former US ambassador: 'Denmark is not a big fan of Donald Trump and his politics' Senate Democrats push for arms control language in defense policy bill Detroit county sheriff endorses Booker for president MORE to reappoint former Federal Reserve Chair Janet YellenJanet Louise YellenThink of this economy as an elderly friend: Old age means coming death On The Money: Rising recession fears pose risk for Trump | Stocks suffer worst losses of 2019 | Trump blames 'clueless' Fed for economic worries Recession fears surge as stock markets plunge MORE, according to a new preface of the book “Devil’s Bargain: Steve BannonStephen (Steve) Kevin BannonThe specter of Steve Bannon may loom over 2020 Trump campaign Sunday shows - Trump's Epstein conspiracy theory retweet grabs spotlight Steve Bannon: 'President Trump is not a 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."

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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.