Trump to interview Yellen about Fed chair appointment this week

Saul Loeb | AFP | Getty Images

Federal Reserve Chair Janet Yellen speaks during a press conference after the Federal Open Market Committee meetings in Washington, DC, on September 20, 2017.

President Donald Trump will interview Janet Yellen Thursday about potentially staying on as chair of the Federal Reserve after her first term ends in February, a source familiar with the situation confirmed to CNBC on Monday.

If the president appoints Yellen to another term as the nation’s top central banker, it will be a sharp turn from the president’s prior remarks about the economist. As a presidential contender, Trump accused Yellen of being overly political.

Politico was the first to report on the meeting.

Yellen was appointed to the fed by former President Barack Obama in 2014. She is the first female head of the institution, which sets the country’s monetary policy and regulates its major banks.

There are a number of other contenders for chair, including Fed Governor Jerome Powell, Fed Governor Kevin Warsh, Stanford economist John Taylor, National Economic Council Director Gary Cohn, and Neel Kashkari, who is president of the Federal Reserve Bank of Minneapolis.

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