Cohn’s Chances Of Becoming Fed Chair Reportedly Fell With C’Ville Remarks

National Economic Director Gary Cohn speaks in the briefing room of the White House, in Washington, Wednesday, April 26, 2017. President Donald Trump is proposing dramatically reducing the taxes paid by corporations ... National Economic Director Gary Cohn speaks in the briefing room of the White House, in Washington, Wednesday, April 26, 2017. President Donald Trump is proposing dramatically reducing the taxes paid by corporations big and small in an overhaul his administration says will spur economic growth and bring jobs and prosperity to the middle class. (AP Photo/Carolyn Kaster) MORE LESS
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Gary Cohn, President Donald Trump’s top economic adviser, was in the running to become the next chairman of the Federal Reserve. But Cohn’s chances of succeeding Federal Reserve Chair Janet Yellen diminished when he criticized the President’s failure to condemn white nationalists in the wake of the Charlottesville attack, according to a Wall Street Journal report out Wednesday night citing unnamed people familiar with the manner.

Reuters also reported Wednesday night that Trump has “soured” on naming Cohn the next Federal Reserve chairman and that he remains upset with Cohn.

Trump told the Wall Street Journal in July that Cohn was one of the top contenders to be the next Fed chair, saying he has “gained great respect” for Cohn. But Cohn has since fallen out of Trump’s good graces.

When Trump first blamed “both sides” for the violence in Charlottesville at a “Unite the Right” rally attended by white nationalists, Cohn stood silent. But he later admitted to the Financial Times that he was deeply troubled by Trump’s remarks.

“Citizens standing up for equality and freedom can never be equated with white supremacists, neo-Nazis, and the KKK. I believe this administration can and must do better in consistently and unequivocally condemning these groups and do everything we can to heal the deep divisions that exist in our communities,” Cohn told the Financial Times.

Trump was blindsided by Cohn’s comments, per the Wall Street Journal, and the President grew irritated with Cohn.

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Notable Replies

  1. This should surprise no one. I posted this on another site the day he spoke up:

    No Fed for you!

  2. Loyalty or else …
    The man child has spoken
    Besides that He loveees the Jews
    Just like he Loooves the dreamers

  3. Cohn and others (see: Ty Cobb, Esq.) keep claiming that they are only doing these jobs because “there need to be adults in the room.”

    Unfortunately, this is no ordinary child:

    It’ll lure you in, blast your hopes and ambitions, then spew vomit and feces over you, Gary, before you hand in your resignation (since Schiller’s not there anymore, you won’t get your pink slip via courier now…). Shoulda seen it coming.

  4. Good. This coward deserves to be disappointed and humiliated. If you are going to stand up for what’s right, stand up all the way.

  5. You mean, with a 140 character limit, including punctuation?

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