Janet Yellen rejected on Wednesday the suggestion by Donald Trump that the Federal Reserve bases its decisions on partisan politics.

"I can emphatically say that partisan politics plays no role in our decisions," Yellen told reporters after the Federal Open Market Committee's two-day policy meeting.

Trump, the Republican presidential nominee, recently suggested that the Fed kept interest rates low to help President Barack Obama's administration. Yellen said, "We do not discuss politics at our meetings, and we do not take politics into account in our decisions."