President Donald Trump is unlikely to nominate Gary Cohn, his top economic adviser, as the next Federal Reserve chairman, reports The Wall Street Journal.
The shift in Cohn’s prospects for the top Fed position arises largely from his criticism of Trump’s response to the violence in Charlottesville, Va., sources told WSJ.
But Larry Kudlow is speculating that not only is Cohn, a Goldman Sachs crony, out as the next Fed chairman but that he will resign his position at the White House within months:
I am told that Kudlow's name is circulating on an early list of possible candidates that could replace Cohn at the White House.#GaryCohn out as @federalreserve chair according to WH sources. Not official. Guessing stay till Dec for tax cuts. https://t.co/dTogJGN8jk— Larry Kudlow (@larry_kudlow) September 6, 2017
Kudlow is not perfect but on the list of the likely candidates, he is the best. He might even listen to us Austrians once and awhile, might.
-RW
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