Skip To Content
Fast Forward

Trump Friend: Gary Cohn Will Be Fed Chair If He Wants To Be

The director of the National Economic Council, Gary Cohn, “will absolutely” be named chairman of the Federal Reserve if he wants the job, Tom Barrack, a businessman and close friend of President Trump told Bloomberg at a Hamptons polo match on Sunday.

Barrack, who chaired Trump’s inauguration committee, said he didn’t think Cohn would want to make the switch.

“Honestly, he’s certainly capable and qualified for that job,” Barrack said. “But I think there’s other things that he can do that are even more important.”

Cohn, dubbed “Globalist Gary” by his White House enemies, is a former president of Goldman Sachs, and is seen as a moderating force in the Trump White House. Trump has said in recent weeks that he is considering replacing current Fed chair Janet Yellen with Cohn when her term expires early next year.

Cohn himself was also in the Hamptons over the weekend, attending a fundraiser for the Breast Cancer Research Foundation.

“I’m supporting an amazing cause, I’m supporting my wife and I’m supporting these great New York women,” Cohn told Bloomberg.

Contact Josh Nathan-Kazis at [email protected] or on Twitter, @joshnathankazis.

I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.

Now more than ever, American Jews need independent news they can trust, with reporting driven by truth, not ideology. We serve you, not any ideological agenda.

At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and the protests on college campuses.

Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.

Make a gift of any size and become a Forward member today. You’ll support our mission to tell the American Jewish story fully and fairly. 

— Rachel Fishman Feddersen, Publisher and CEO

Join our mission to tell the Jewish story fully and fairly.

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.