Trump’s Choice for New Chairman of the Fed

Gary Cohn, a top adviser to President Trump and an alumnus of Goldman Sachs, would be a viable candidate to replace Janet Yellen as chairman of the Federal Reserve, a top official in the central bank system said Monday.

“I think Gary is a reasonable candidate,” said Federal Reserve Bank of New York President William Dudley in an interview with the Associated Press. “He knows a lot about financial markets. He knows lots about the financial system.”

Dudley, the former chief economist at Goldman Sachs, served under Cohn, who was president of the megabank from 2006 until he joined the Trump administration.

Trump has said that Cohn is being considered to run the Fed. Cohn would be an unusual choice in that he is not an academic economist, unlike recent Fed chair


Read more at the Washington Examiner.