Gary Cohn for Janet Yellen? @Larry_Kudlow @CNBC

Jul 12, 2017, 02:54 AM

07-11-2017 (Photo: File:Janet Yellen (23712797651).jpg) http://JohnBatchelorShow.com/contact http://JohnBatchelorShow.com/schedules Twitter: @BatchelorShow

Gary Cohn for Janet Yellen? @Larry_Kudlow @CNBC

President Donald Trump is increasingly unlikely to nominate Federal Reserve Chair Janet Yellen next year for a second term, and National Economic Council Director Gary Cohn is the leading candidate to succeed her, Politico reported on Tuesday, citing four people close to the process.

Politico said sources in the White House, the Treasury Department and on Capitol Hill said that if Cohn decides he wants the job, he is likely to get it.

"It's Gary's if he wants it, and I think he wants it," Politico quoted one Republican whom it said was close to the selection process as saying.

A few Senate Republicans may express reservations about Cohn but he would probably receive widespread support, a senior congressional Republican aide said, according to Politico.


The economy added a seasonally adjusted 222,000 jobs in June, the largest increase since February, and stronger than what economists expected. Meanwhile, revisions showed job growth was better in April and May than previously thought. The economy has created an average of 194,000 jobs over the past three months. That compares favorably to a monthly average of 166,000 during the first quarter, and a pace of 187,000 for all of last year. https://blogs.wsj.com/briefly/2017/07/07/june-jobs-report-the-numbers-3/