Jim Cramer Breaks Down the Benefits of a Possible Federal Reserve Chair Gary Cohn

Will Fed Chair Janet Yellen be replaced?
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Amid reports that Gary Cohn, a former Goldman Sachs (GS) - Get Report executive and current director of the National Economic Council, is the leading candidate to replace Federal Reserve Chair Janet Yellen, TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said it would be interesting to have a non-theoretical person running the Fed. 

Someone with Cohn's background is especially important as the Fed looks to unwind its balance sheet, Cramer noted.

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