Donald Trump is unlikely to appoint Gary Cohn to lead the Federal Reserve. The Wall Street Journal writes that the American president is willing to consider other candidates for the chair that will be held until next February by Janet Yellen. The name of the White House economic adviser was seen in pole position since, in an interview on July 25, Trump had explained to the financial newspaper that he was evaluating Cohn's promotion to the command of the US central bank as well as a confirmation from Yellen herself. . Things have changed after the criticism made by the former president of Goldman Sachs of the US leader regarding the violence that exploded on August 12 in Charlottesville. In the Virginia city, white supremacists took to the streets to protest the removal of a statue of a Confederate leader. Counter-protesters had come forward to say no to racism. Eventually a neo-Nazi drove his car into them killing a 32-year-old woman and injuring about twenty people. Trump initially spoke of violence "from various quarters". Then, after 48 hours, he explicitly blamed the KKK, white supremacists and neo-Nazis. On August 15 he made a U-turn and ended up comparing them to pacifist protesters. An exodus of CEOs from the presidential economic forums had already begun and since it was unstoppable, Trump was forced to close them. In an August 25 interview with the Financial Times, Cohn explained that the administration should do "better and more" to condemn white neo-Nazis and supremacists. Clearly the president did not like those words but it should be remembered that Cohn had considered his resignation. On September 1986, Cohn tried to reassure him by saying he had a "very good relationship" with Trump even though the Washington Post had written that the president was upset by his words to the FT. Two days earlier from Missouri, during the first in a series of rallies designed to convince the public of the need for financial reform, Trump named the officials who had followed him. Cohn was present but was not mentioned. What is certain is that he and the Secretary of the Treasury have been entrusted with the task of signing an agreement in Congress for what he promised to be the largest tax reform since 1600. A spokesman for the White House, Natalie Strom, limited herself to say that Cohn "is focused on his responsibilities… including the once in a lifetime opportunity to implement a tax reform that creates jobs and grows the economy." But already there are those who wonder if he is not the next to be kicked out of XNUMX Pennsylvania Avenue in Washington.
