Trump might have renominated Yellen for Fed chair if she wasn’t so… short
A Washington Post report that quoted current and former officials said Trump on multiple occasions discussed giving Yellen another term at the central bank but was concerned over her height. He feared that at 5 feet and 3 inches she just wasn’t tall enough to get the job done.
The report said he expressed his misgivings to National Economic Council members and noted that Yellen “impressed [Trump] greatly” during their interview.
There have been some tongue-in-cheek comparisons made in the past to the height of Fed chairs and their propensity to raise rates, with 6-foot-9 Paul Volcker being the most aggressive. Powell is close to 6 feet tall.
Trump has been harshly critical of the Fed as its been run under Jerome Powell, whom he chose over Yellen. The president has objected to the interest rate increases under Powell, though Yellen also presided over hikes and the beginning of the reduction in the Fed’s balance sheet.
“Look, I took recommendations. I’m not blaming anybody,” Trump told the Post, despite reports that he blames Treasury Secretary Steven Mnuchin for recommending Powell.