Great ResignationDiversity and InclusionCompensationCEO DailyCFO DailyModern Board

President Trump Says He’s Considering Janet Yellen and Gary Cohn for Fed Chair

July 25, 2017, 11:04 PM UTC
Fed Chair Janet Yellen Testifies At Senate Hearing On Semiannual Monetary Policy Report To Congress
Federal Reserve Board Chairwoman Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill on July 13, 2017 in Washington, D.C.
Chip Somodevilla/Getty Images

President Donald Trump said Tuesday that he might renominate Janet Yellen to serve a second term as Federal Reserve chairwoman, but he is also considering his economic adviser Gary Cohn for the post.

“She is in the running, absolutely,” Trump told the Wall Street Journal about Yellen on Tuesday. “I like her; I like her demeanor. I think she’s done a good job,” he said. “I’d like to see rates stay low. She’s historically been a low-interest-rate person.”

Cohn, a former Goldman Sachs banker, now serves as director of the National Economic Council under Trump.

“I’ve known Gary for a long time, but I’ve gained great respect for Gary working with him, so Gary certainly would be in the mix,” Trump said in the interview, adding that he had a few other contenders in mind who he declined to name.

Trump often criticized Yellen during the presidential race, telling Fortune during the campaign that “I would be more inclined to put other people” in her position. But he said in April that he was open to the possibility of her serving another term.

Trump told the Journal on Tuesday that he will likely announce his nominee at the end of the year. “It’s early to make the decision,” he said.

Yellen’s term expires in February 2018.