President Donald Trump’s top economic adviser said the administration won’t wait long before selecting a No. 2 official at the Federal Reserve to work alongside incoming Chairman Jerome Powell.
“The president made a great selection,” National Economic Council Director Gary Cohn said in an interview on Bloomberg Television the day after Trump picked Powell, who goes by Jay, to replace Fed Chair Janet Yellen. Her term ends Feb. 3. Powell’s nomination is subject to Senate confirmation.
“We’re going to be meeting with Jay in the next couple days here, and we’re going to be getting some input from him,” Cohn said. “But the president has been working very rigorously on picking a vice chairman and I do think you’ll hear something from the president this year.”
