Trump Considers Yellen, Others, for Fed Chair Position

President Trump is looking for a new leader for the Federal Reserve, the group that helps manage the country's money.

Surprisingly, he might pick Janet Yellen, who used to be in charge of the Fed and is currently the Treasury Secretary for President Biden.

Trump's team says they're not focused on political beliefs, but on economics and what's best for the country.

They want someone who knows a lot about money and how to regulate banks.

Besides Yellen, there are several other potential candidates.

This decision is important because the Fed Chair influences things like interest rates, which affect how easy it is to borrow money.