Trump sours on Cohn for Fed chair, looks at several candidates

Gary Cohn

Earlier Wednesday, Stanley Fischer, the Fed's vice chairman, announced he would resign by mid-October, creating a fourth vacancy on the Board of Governors.

President Donald Trump's top economic adviser, Gary Cohn, probably will not get the nod as Federal Reserve chairman because of his blunt critique of Trump's response to the Charlottesville, Virginia, violence last month, The Wall Street Journal reported.

The White House did not immediately respond to CNN's request for comment. Fed chair Janet Yellen's term expires in February. Another administration official stated Trump was "considering several candidates" for the Fed.

Mr Trump was widely criticised for blaming "many sides" for the Charlottesville violence, and Mr Cohn stood with him during a news conference in NY days after the rally when the President said there were "very fine people" on both sides of the rally, which was attended by neo-Nazis.

Facebook admits it sold political ads to shady Russians
Petersburg, referred to as the Internet Research Agency , though we have no way to independently confirm". Facebook did not say Mr Putin in a blog entry clarifying the advertisement purchases.

According to the Journal, Cohn might have scotched his chance at the Fed job when he told the Financial Times the Trump administration "can and must do better" to condemn hate groups.

"He's not getting it. Trump wants to fire him", reported one source. Trump said in July that he was considering nominating Yellen to another four-year term.

Sources close to the White House have signaled in the last week that Cohn appears unlikely to be removed due to his critical role on tax reform and Trump has been warned against ousting Cohn for that same reason.

The White House has shot down rumors Cohn would leave over Trump's remarks, and Wall Street panicked when his Cohn's departure seemed inevitable.

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