Jim Cramer says President Trump should pick top economic adviser and former Goldman Sachs executive Gary Cohn to head the Federal Reserve if the president passes over current Fed chair Janet Yellen for a second term next year.

"I want Gary very much to be the head of the Fed," Cramer said during his exclusive monthly conference call with members of his Action Alerts PLUS club for investors.

"People say: 'Oh, Jim, he's not an economist,'" Cramer said. "[But] what would be great is he understands bonds, and if you're going to wind down that balance sheet ... you want Gary Cohn as your Federal Reserve chairman."

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This article was written by a staff member of TheStreet.