Gary Cohn As Next Fed Chairman?
From Gary Evans of Global Macro Monitor
Politico out with a piece tonight citing souces that National Economic Council Director and Goldman alum, Gary Cohn, is the leading contender to replace Janet Yellen next January. Interesting timing as it comes on the eve of Janet Yellen’s two-day semi-annual testimony before Congress.
We have heard rumors, but our priors were that Trump would pick a more rules-based chairmain, such as John Taylor of Stanford. Kind of surprising, but most presidents prefer easy money policies.