Former Goldman Sachs President Gary Cohn reportedly will lead the search for the next Federal Reserve chief.
Although President Donald Trump’s relationship with the Fed has been friendly to date, that doesn’t mean Chairwoman Janet Yellen is likely to stay on, the Wall Street Journal reports.
Meanwhile, some market strategists believe U.S. National Economic Council Director Cohn could be a candidate for the post himself.
“Officials won’t publicly outline any timetable for their decision or shortlist of candidates. Fed Chairwoman Janet Yellen’s term runs through January, and President Donald Trump didn’t rule out her reappointment in an April interview,” the Journal reported.
“Ms. Yellen’s reappointment isn’t an outcome many observers expect because of Mr. Trump’s fierce criticism of her during the final weeks of last year’s presidential campaign. But his willingness to consider her speaks to the amicable relationship they have forged since Mr. Trump took office, observers say,” the