WASHINGTON — Presumptive Republican presidential nominee Donald Trump said Thursday that while he respects and agrees with Federal Reserve Chair Janet Yellen and her policies, he would replace her with his own pick for purely partisan reasons if he wins the White House.

"She's a very capable person. People that I know have a very high regard for her," Trump said during an interview with CNBC's "Squawk Box." "But she's not a Republican. When her time is up, I would most likely replace her because of the fact that I think it would be appropriate."

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