Yellen has defended the Fed’s decisions during the last recession. Alex Wong/Getty Images/AFP
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U.S. President Donald Trump said he's considering Stanford University economist John Taylor and Federal Reserve Governor Jerome Powell for the top job at the central bank, and indicated Federal Reserve Chair Janet Yellen remains in the running for renomination to a second four-year term.It's not clear which of the two men would be chairman and which would be vice chair, a position that Trump also needs to appoint after Stanley Fischer stepped down earlier this week.Trump's closest advisers are steering him toward either Taylor or Powell for chairman, several people familiar with the process said Thursday, after the president finished interviewing candidates for the job by meeting with Yellen.
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