|Donald Trump had 'attacked' the Chairman of the Federal Reserve that the allegations of the Fed has been politicized for more policy support Barrack Obama. (CNN / REUTERS / Joshua Roberts)|
"Could not (resign). I have sworn by the Senate for a term of office of four years, which means it will expire in January 2018," said Yellen cited on CNBC on Friday (18/11).
The statement he issued after the attack had received criticism from US President-elect Donald Trump during the campaign period.
Although not discussed the current political situation directly, or even mention the name Trump, Yellen emphasized the need for central bank independence.
"The market is hoping the stability generated by the central bank which has political independence and good economic performance in a country, and I believe the two cases can be found in the US and globally," said Yellen.
Trump had 'attacked' by allegations Yellen The Fed has been politicized for more policy support Barrack Obama. Trump also criticized the plan the Fed will raise interest rates later this year. He had boasted to shift from its current position Yellen, although constitutionally it is not possible.
Trump illustrates the current US financial market conditions such as bubble 'big, fat and ugly' which at times can be broken when the cost of borrowing increased due to the increase in interest rates.
"When they (the Fed) to raise interest rates, you will see something bad is going to happen, it is because they do not do their work properly, should he (Yellen) embarrassment to himself," said Trump on the occasion of a debate with Democratic candidate Hillary Clinton some last time.
Apart from political issues, the Fed also plans to more quickly raise the Fed rate predicted that only 25 basis points.
In his speech last night, Uncle Sam Yellen said the economy has made progress, as indicated by the increasing number of employment and inflation slightly increased to make room for the central bank to move faster. The Federal Open Market Committee (FOMC) will again conduct a meeting on 13-14 December.