Cohn Solidifies Lead in Race to Replace Yellen, Economists Say
- Just 17% in business survey say she will get reappointed
- Warsh, Taylor, Hubbard trail in NABE survey on Fed leader
National Economic Council Director Gary Cohn reportedly has no plans to resign from his position in President Donald Trump's White House, in spite of reports he was particularly upset with Trump's remarks on violence in Virginia. Bloomberg's Craig Gordon reports on 'Bloomberg Markets: European Close.' (Source: Bloomberg)
White House economic adviser Gary Cohn is emerging as the clear front-runner for the nomination to succeed Federal Reserve Chair Janet Yellen, according to a National Association for Business Economics survey.
Just 17 percent of 176 economists polled from July 18 to Aug. 2 said Yellen would be picked for a second term. Two-thirds said she wouldn’t be renominated and 16 percent were unsure. Her four-year term ends in February.