Just hours after Fed Vice Chair Fischer resigned, and Goldman CEO Lloyd Blankfein threw his support behind Gary Cohn…
“No one’s perfect, but he’s the best I know,” Blankfein said of Cohn, his former No. 2 at Goldman Sachs, during a talk with journalists on Wednesday at the bank’s headquarters in New York.
“He’d be a different kind of person” than Fed Chair Yellen, Blankfein added.
“He’s not an academic. I don’t know that he reads a lot of policy papers, let alone write them.”
'Sources' confirm President Trump is unlikely to nominate Gary Cohn to become Federal Reserve Chairman, WSJ’s Nate Becker reports in tweet.
A @WSJ scoop crossing now: Trump unlikely to nominate Cohn as Fed chair; his chances dropped after he criticized Trump on Charlottesville.
— Nate Becker (@natebecker) September 6, 2017
According to PredictIt, Cohn's odds just crashed…
Dow Jones reports that Cohn's chances dropped after he criticized President Trump over the handling of the Charlottesville disaster.
Interestingly there is some reaction in stocks, as some wonder what Cohn is sticking around for now… (especially after being called out as a "globalist" by Trump)
via http://ift.tt/2gIimEa Tyler Durden