Gary Cohn Emerges As Top Candidate To Head The Fed by the Forward

Gary Cohn Emerges As Top Candidate To Head The Fed

Image by Getty Images

White House economic policy czar Gary Cohn is considered to be the top candidate to replace Federal Reserve Chairwoman Janet Yellen at the end of her term next year, according to Politico.

Cohn, the National Economic Council director, has previously denied any interest in the job.

There’s already an expected backlash from progressives who would take issue with Cohn’s time at Goldman Sachs. But sources told Politico that their would be little in the way to stop Cohn from getting the job if he so desired.

“It’s Gary’s if he wants it, and I think he wants it,” one Republican said.

Whether or not that remains true would depend on Cohn’s ability to stay in the president’s good graces, a notoriously difficult enterprise. He would also have to contend with the Bannon-Miller wing of the president’s inner circle, who are reportedly put off by Cohn’s history as a Democrat who preaches free trade.

Former Fed governor Kevin Warsh is considered the other front-runner for the position. He previously served under President Bush from 2003 to 2011.

Contact Jesse Bernstein at bernstein@forward.com or on Twitter, @__jbernstein

Gary Cohn Emerges As Top Candidate To Head The Fed

Your Comments

The Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. All readers can browse the comments, and all Forward subscribers can add to the conversation. In the interest of maintaining a civil forum, The Forward requires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not and will be deleted. Egregious commenters or repeat offenders will be banned from commenting. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and the Forward reserves the right to remove comments for any reason.

Recommend this article

Gary Cohn Emerges As Top Candidate To Head The Fed

Thank you!

This article has been sent!

Close