Yellen on Staying on the Fed Board: ‘That’s a Decision for Another Day’

YELLEN: "I guess the way I think about it is I was confirmed by the Senate to a four year term. The term of the Fed chair was not meant to coincide with that of the president. And there were good reasons for that too. It's part of ensuring the independence of the Fed. So I intend to serve my four-year term. I haven't made any decision about the future. I recognize I might or might not be reappointed. It's a decision I don't have to make and don't have thoughts on at this time. And as you said, I recognize too that I could stay on as a board member and that is a decision for another day."