Economics

Trump’s Former Economic Chief Gary Cohn Predicts No Recession

Fed has set rates at ‘a good place’ to help growth, he says
Criticizes 2020 Democrats’ generally anti-business tone

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By Robert Schmidt

January 19, 2020 at 7:07 PM UTC

This article is for subscribers only.

Former White House economic director Gary Cohn said he sees no recession on the horizon and predicted that the economy will continue to grow as the U.S. heads into this year’s presidential election.

The ex-Goldman Sachs Group Inc. president, appearing on CBS’s “Face the Nation,” also praised the Federal Reserve, saying it has U.S. interest rates “in a good place.” That opinion isn’t shared by his old boss, President Donald Trump, who has relentlessly criticized the central bank for not cutting rates more aggressively.