President Donald Trump is considering many candidates to head up the Federal Reserve and has soured on nominating his top economic adviser Gary Cohn to lead the U.S. central bank, according to sources close to the White House and an administration official.
Two sources said Trump remained upset with Cohn, a former Goldman Sachs president, for criticizing his response to the violence sparked by a white supremacist rally in Charlottesville, Virginia, last month.
A White House official said Cohn remained an essential player in Trump’s push for tax reform.
Another administration official said Trump was “considering several candidates” for the Fed.
Fed Chair Janet Yellen’s term expires in February.
Trump has said he would consider reappointing Yellen, who was nominated to lead the Fed by his Democratic predecessor, former President Barack Obama. Trump also has mused about backing Cohn.
The Wall Street Journal reported that Trump and his advisers have discussed Stanford University economist John Taylor, former BB&T Bank Chief Executive John Allison, and former Fed governors Lawrence Lindsey and Kevin Warsh as possible appointees to the Fed’s Board of Governors. The Fed chair heads up the Board of Governors.
Reference: Reuters
Read More: http://www.reuters.com/
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