Report: Cohn to Remain in White House

Aug 18, 2017

President Trump has named Comptroller of the Currency Joseph Otting to serve as Acting Director of the Federal Housing Finance Agency (FHFA) after Mel Watt’s term concludes on Jan. 6

The political rancor resulting from President Trump’s comments on last weekend’s events in Charlottesville are not driving White House economic adviser Gary Cohn out of the Administration.

According to a Bloomberg report, an unnamed White House official stated that while Cohn was upset over the president’s remarks, he was not that upset to resign his position as director of the National Economic Council. Cohn, whose name has been floated in the media as a potential successor to Janet Yellen at the helm of the Federal Reserve, has not spoken publicly on the president’s comments.

Also remaining in the White House is Dina Powell, deputy national security adviser. Bloomberg reported that while she was also displeased at the president’s comments, she is has no plans to quit her position.

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Phil Hall

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Aug 18, 2017

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