Home / News / Trump just NIXED his first choice for Fed chair — and the reason why is blowing minds on Wall Street

Trump just NIXED his first choice for Fed chair — and the reason why is blowing minds on Wall Street

With a tweet that will roil the financial markets, CNBC has announced that Gary Cohn, currently a top Trump economic adviser and leading candidate to replace  Janet Yellen as Chair of the Board of Governors of the Federal Reserve System, is now unlikely to be nominated Fed Chairman.

The startling tweet can be seen here:

 

The breaking news has also been confirmed by a number of tweets from well-respected sources:

 

 

 

Although the reason why Trump would change his mind on nominating Cohn has not yet been officially stated, White House observers quickly pointed to the tensions between the two that became evident following Trump’s initial Charlottesville remark: “We condemn in the strongest possible terms this egregious display of hatred, bigotry and violence on many sides — on many sides.”

Although Trump followed this remark with more direct condemnation of the KKK, white supremacists, neo-Nazis and other hate groups, Gary Cohn gave an interview with the Financial Times that was extremely critical of the president, as was much of the media.

According to Business Insider, Cohn said,

“This administration can and must do better in consistently and unequivocally condemning these groups and do everything we can to heal the deep divisions that exist in our communities … Citizens standing up for equality and freedom can never be equated with white supremacists, neo-Nazis and the KKK.”

While Cohn’s second sentence is certainly true, it’s also true that equating citizens standing up for equality and freedom with the left-wing terrorist groupAntifa — the left-wing about whom Trump was referencing in his initial Charlottesville remark — rarely goes over well.

And, as the following tweets point out, criticizing the boss, when your boss is Donald Trump, is never ever ever going to work out well for you.

 

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