Tags: yellen | white house | cohn | meeting | fed | trump

Yellen Is Said to Be at White House for Routine Cohn Meeting

Yellen Is Said to Be at White House for Routine Cohn Meeting
(Yomiuri Shimbun/AP)

Friday, 20 October 2017 12:42 PM

Federal Reserve Chair Janet Yellen was back at the White House Friday for a routine meeting with economic adviser Gary Cohn, a U.S. official said, a day after President Donald Trump interviewed her for a potential reappointment to her job.

Cohn, director of the National Economic Council, is also a contender for the Fed post. The official, who spoke on condition of anonymity, said Yellen’s meeting with him was a regular semi-annual session.

Trump has said he’s considering five candidates for Fed chairman and that he’ll make a decision soon. Yellen’s first term ends in February. The other contenders include Stanford University economist John Taylor, Fed governor Jerome Powell and former Fed governor Kevin Warsh.

Ten-year U.S. Treasury prices gained on news that Yellen was spotted at the White House, lowering yields to 2.37 percent on investor expectations that the visit improved Yellen’s chances of a second term, which would keep the central bank on its path of gradual interest-rate increases.

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Federal Reserve Chair Janet Yellen was back at the White House Friday for a routine meeting with economic adviser Gary Cohn, a U.S. official said, a day after President Donald Trump interviewed her for a potential reappointment to her job.Cohn, director of the National...
yellen, white house, cohn, meeting, fed, trump
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2017-42-20
Friday, 20 October 2017 12:42 PM
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