Should President Trump move to replace Federal Reserve Chair Janet Yellen, speculation is building that he could choose the director of the National Economic Council Gary Cohn as her replacement, CNBC reports.

"The buzz among those who claim Cohn confides in them is that he would like to eventually replace" Yellen, should Trump decide to move in a different direction when her term ends in February, Beacon Research wrote in a note today.

"On paper, Cohn likely meets Trump's expected top two requirements for a Fed chair candidate," the firm continued. 

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