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The New Fed Chief Will Likely Be Gary Cohn


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The New Fed Chief Will Likely Be Gary Cohn

(Washington)

Gary Cohn, former Goldman Sachs executive and top economic adviser to president Trump, is leading the search for a new Fed chief to replace Janet Yellen. But guess what, he seems the most likely to fill the role. Putting oneself forward in a search role is not foreign in Washington-that is how Dick Cheney got his position as vice president under George W Bush. Speculation about the next Fed boss has grown as Yellen has not made her intentions clear and Trump has long been an opponent of her tenure. If Cohn were to take her place he would be the first Fed leader in decades that did not have an extensive economics background.

FINSUM : We think this would be a perfect fit for Cohn. Given the turmoil at the White House and the fact that he seems to be at odds with Trump on some issues, it might be a very good role for him to be the leader of the Fed.

  • US
  • fed
  • cohn
  • rates
  • yellen
  • Trump

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Stocks


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