Trump unlikely to appoint Yellen 2nd term - UOB

Analysts at UOB explained that a Politico report released on Tuesday (11 Jul) cited unnamed ‘sources’ that President Trump is increasingly unlikely to nominate FOMC Chair Yellen for second term.

Key Quotes:

"Instead, the current National Economic Council Director, Gary Cohn, is a leading candidate to succeed Yellen. 

Cohn is a former Goldman Sachs president and if appointed as FOMC Chair, Cohn would be the first for that post in four decades who is not an economist."