
Goldman Sachs Alum Gary Cohn Is Not a Good Choice for Federal Reserve Chair, Barney Frank Warns
Former Congressman Barney Frank, co-architect of the Dodd-Frank financial reform law, doesn't think President Trump should name Gary Cohn as Federal Reserve Chair.
"Mr. Cohn was a major player in the crisis - not in a constructive way - he was at Goldman Sachs (GS) - Get Goldman Sachs Group, Inc. Report ," Frank said in an interview with TheStreet.
Cohn was the former chief operating officer of Goldman Sachs before joining the Trump Administration as director of the National Economic Council earlier this year.
TheStreet Recommends
Media reports recently suggested that Trump is considering naming Cohn as Fed Chair, since Janet Yellen's term expires early next year.
Yellen started her term in 2014 during the Obama Administration.
More From TheStreet:
- Falling Bank Fines Under Trump Won't Lead to More Risky Activity, Barney Frank Says
- This Is Why Investors Are Scooping Up Shares of Tesla, Amazon and Microsoft
- This Is Your Investing Playbook If We See a Major Stock Market Pullback in August
- Embrace the Boring, Upward Drifts in the Stock Market
Article originally published 8/8/17