Former Head of Goldman Sachs is First Choice to Replace Yellen

[kreslik.news]

Following up on the nomination of Randall Quarles as the overseer of the banking system in the US, there is increasing talk in the American media that the US President is unlikely to nominate the current Fed Chairwoman Yellen for a second term. Trump is likely to nominate Gary Cohn, former head of Goldman Sachs and current Director of the NEC, for the position as he rushes to fill Fed vacancies with members who are more in line with his economic and monetary outlook.

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