Gary Cohn Would Do ‘Great Job’ as Fed Chairman, Blankfein Says
- Former trader would be ‘less theoretical, much more practical’
- Blankfein also says markets have ‘bubbly elements,’ not mania
Cohn Says He's Very Happy Doing What He's Doing
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Lloyd Blankfein, who was Gary Cohn’s boss for more than a decade at Goldman Sachs Group Inc., endorsed his former deputy’s qualifications to run the Federal Reserve.
“Gary is very, very capable,” Blankfein said in an interview from his bank’s New York headquarters as part of a conference hosted by German newspaper Handelsblatt. “There’s nobody who has a better sense of markets or the consequence that decisions will have on people’s behavior who act and are guided by market forces. No one’s perfect, but he’s the best I know.”