Trump says he’s high on Yellen, but also likes Cohn as Fed chief

Northwest Arkansas Democrat-Gazette - - WEATHER REPORT - MARTIN CRUTSINGER

WASH­ING­TON — Pres­i­dent Don­ald Trump said Tues­day that he’s con­sid­er­ing ei­ther renom­i­nat­ing Janet Yellen for a sec­ond term as Fed­eral Re­serve chair­man or re­plac­ing her with some­one else, pos­si­bly Gary Cohn, who leads his Na­tional Eco­nomic Coun­cil.

Trump said in an in­ter­view with the Wall Street Jour­nal that he has a “lot of re­spect” for Yellen and thinks she is serv­ing ca­pa­bly. The pres­i­dent said he’s still con­sid­er­ing ask­ing her to serve four more years af­ter her term ends in Fe­bru­ary. But he said he’s also con­sid­er­ing other can­di­dates, in­clud­ing Cohn, who joined the Trump ad­min­is­tra­tion af­ter a 26-year ca­reer at Gold­man Sachs.

Yellen has de­clined to say whether she wants to serve an­other term. She has said only that she is fo­cused on do­ing her job and will re­main in place through the end of her term Feb. 3.

When Yellen was cho­sen to be Fed chair­man by Pres­i­dent Barack Obama, she be­came the first woman to lead the cen­tral bank, suc­ceed­ing Ben Ber­nanke in 2014.

Trump said Cohn, who was pre­sent for the in­ter­view, didn’t know he was un­der con­sid­er­a­tion for the Fed job. Cohn has been lead­ing the search for the next Fed leader.

“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 said in the in­ter­view with the Jour­nal.

On Yellen, Trump said, “She is in the run­ning, ab­so­lutely.”

“I like her,” he said. “I like her de­meanor. I think she’s done a good job.”

The pres­i­dent added: “I’d like to see rates stay low. She’s his­tor­i­cally been a low-in­ter­est-rate per­son.”

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