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