Items Tagged with 'Gary Cohn'


  • Goldman Sachs CEO Lloyd Blankfein reportedly stepping down

    Or is he staying?
    One of Wall Street’s longest-serving chief executives reportedly plans to step down. According to a report from the Wall Street Journal, Lloyd Blankfein is plotting his exit from Goldman Sachs, the firm he’s led since 2006. But according to Bloomberg, and Blankfein himself, he probably isn't going anywhere.
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  • Gary Cohn resigning as top White House economic advisor

    Resignation comes after rumored fight over tariffs
    Gary Cohn is resigning from his position as White House National Economic Council director, the New York Times reported Tuesday. It appears that President Donald Trump’s recent announcement that the U.S. plans to impose a 25% tariff on steel imports and a 10% tariff on aluminum was Cohn’s bridge too far.
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  • Gary Cohn reportedly out of running to be Trump’s Fed chair choice

    Falls out of favor after criticizing Trump’s response to Charlottesville
    Despite President Donald Trump saying earlier this year that Gary Cohn is among the candidates to replace Janet Yellen when her term as Federal Reserve chair expires in January 2018, it appears now that Cohn may no longer be on Trump’s Fed chair shortlist. Cohn, who currently serves as the White House National Economic Council Director, reportedly fell out of Trump’s favor after criticizing Trump’s response to the violence in Charlottesville, Virginia last month.
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  • Who's the next Fed chair? Trump lists Cohn as possibility, but says Yellen could stay

    Trump talks Federal Reserve in interview with Wall Street Journal
    Janet Yellen’s term as Federal Reserve chair is set to expire in January 2018, and she’s said on multiple occasions that she intends to fulfill her term. But is it possible that Yellen’s time as Fed chair could extend beyond that? In a new interview, President Donald Trump said that keeping Yellen as Fed chair is certainly a possibility, but added that Gary Cohn is also a possibility to lead the Fed.
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  • The long journey ahead for tax reform and what it means for housing

    Finally, some details on the proposed plan
    Treasury Secretary Steven Mnuchin and White House Chief Economic Advisor Gary Cohn revealed the Trump administration’s tax plan on Wednesday. So what exactly does the industry know so far? Well, for starters, tax reform, including housing-related tax reform, still has a long road ahead. Even with scarce details, housing associations gave their initial assessments of how the tax reform changes would impact the housing market and homebuyers.
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  • Goldman Sachs CEO defends prevalence of company execs in government

    Lloyd Blankfein: We don't get special treatment
    Goldman Sachs sees so many of its executives transition into roles within the federal government that the company is often derisively referred to as “Government Sachs.” But Goldman Sachs CEO Lloyd Blankfein doesn’t see the “revolving door” between the government and Goldman Sachs as a problem. In fact, he fully supports it and expects it to continue.
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  • Monday Morning Cup of Coffee: An "inside" look at Gary Cohn's role in Trump administration

    New York papers run competing profiles of former Goldman Sachs exec
    Two of New York's biggest newspapers happened to publish competing (and somewhat similar) articles over the weekend that delve into the growing role within the Trump administration of Gary Cohn, the White House National Economic Council Director and a former top executive at Goldman Sachs. So what is Cohn's role? The Wall Street Journal and the New York Times are happy to tell you more.
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  • Gary Cohn: Fannie Mae, Freddie Mac reform will be high on Mnuchin's agenda

    Maybe GSE reform will happen quickly after all?
    Despite Fitch Ratings’ analysts suggesting recently that reforming Fannie Mae and Freddie Mac may be slowed by the Trump administration’s other legislative efforts, one of President Trump’s top economic advisors said Friday that Fannie and Freddie reform will be high on Steve Mnuchin’s agenda once he is confirmed as Secretary of the Department of the Treasury.
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  • Trump moving forward with Dodd-Frank rollback plans

    Expected to sign executive order today requiring review of financial laws
    President Donald Trump is expected to move forward with his plans to roll back the Dodd-Frank Wall Street Reform Act by signing an executive order requiring a review of the comprehensive set of financial laws enacted after the crisis. According to Gary Cohn, a former top exec at Goldman Sachs and the White House National Economic Council Director, the move is the first of many designed to overhaul Dodd-Frank.
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