Economy

Trump considers naming Yellen or Cohn to lead the Fed

Trump considers naming Yellen or Cohn to lead the Fed”

There has been talk that President Trump's top economic advisor, Gary Cohn, is a contender to talk the helm of the Federal Reserve when current Chairman Janet Yellen's term is up next year.

"I like her. I like her demeanor".

The president said Cohn, who was also present during the Journal's interview, was also being considered for the job.

Trump told the Wall Street Journal in an interview on Tuesday that Yellen, 70, whose term as chair expires in February, "is in the running, absolutely", adding that he respected and liked her personally. I think she's done a good job. "She's historically been a low-interest-rate person", he told the newspaper, according to its website.

Still, confirming market suspicions and Washington chatter, Trump said he is thinking about replacing Yellen with Cohn, who is now head of Trump's National Economic Council.

Yellen has declined to say whether she wants to serve another term.

"He doesn't know this, but yes he is", Trump said in part. But, he says he's also considering other candidates, including Cohn, who joined the Trump administration after a 26-year career at Goldman Sachs.

"It's early to make the decision", he said. "But I would certainly, it's something I would discuss with the president, obviously", Yellen said, indicating she has not yet had a conversation with President Trump about her future at the Fed.



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