NREI WIRE
Janet Yellen

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

Cohn, director of the National Economic Council, is also a contender for the Fed post.

(Bloomberg)—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.

To contact the reporter on this story: Jennifer Jacobs in Washington at jjacobs68@bloomberg.net To contact the editor responsible for this story: Alex Wayne at awayne3@bloomberg.net

COPYRIGHT

© 2017 Bloomberg L.P

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish