Trump says he’s con­sid­er­ing both Yellen and Cohn for Fed chair

Muscat Daily - - BUSINESS -

Wash­ing­ton, US - US Pres­i­dent Don­ald Trump said he may reap­point Fed­eral Re­serve chair Janet Yellen to a sec­ond term at the helm of the US cen­tral bank, while in­di­cat­ing that White House aide Gary Cohn was also a top con­tender for the po­si­tion.

Trump told The Wall Street Jour­nal in an in­ter­view on Tues­day that Yellen, whose term as chair ex­pires in Fe­bru­ary, “is in the run­ning, ab­so­lutely,” adding that he re­spected and liked her per­son­ally. “I’d like to see rates stay low. She’s his­tor­i­cally been a low-in­ter­est-rate per­son,” he told the news­pa­per.

Politico had re­ported ear­lier this month that the Fed job was Cohn’s if he wanted it, cit­ing uniden­ti­fied sources. But Trump hasn’t in­di­cated that he had ruled Yellen out.

“I like her; I like her de­meanor. I think she’s done a good job,” Trump said, ac­cord­ing to the Jour­nal.

Cohn, di­rec­tor of the White House Na­tional Eco­nomic Coun­cil, was present dur­ing the in­ter­view, ac­cord­ing to the Jour­nal story. Trump said that “I’ve known Gary for a long time, but I’ve gained great re­spect for Gary work­ing with him, so Gary cer­tainly would be in the mix.”

Trump in­di­cated that two or three other con­tenders, whom he de­clined to name, are in the run­ning.

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