Trump Friend: Gary Cohn Will Be Fed Chair If He Wants To Be
Gary Cohn Image by Getty Images
By Josh Nathan-Kazis August 7, 2017
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 nathankazis@forward.com or on Twitter, @joshnathankazis.
A message from our CEO & publisher Rachel Fishman Feddersen
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.
We’ve set a goal to raise $260,000 by December 31. That’s an ambitious goal, but one that will give us the resources we need to invest in the high quality news, opinion, analysis and cultural coverage that isn’t available anywhere else.
If you feel inspired to make an impact, now is the time to give something back. Join us as a member at your most generous level.
— Rachel Fishman Feddersen, Publisher and CEO
