By Renae Merle, Ylan Q. Mui and Philip Rucker:
President-elect Donald Trump is expected to name a top Goldman Sachs executive, Gary Cohn, to lead the National Economic Council, handing the Wall Street veteran significant sway over his administration’s economic policy.
The council includes the heads of various departments and agencies and works within the administration to coordinate economic policy. As director, Cohn would be in position to advise Trump as he attempts to fulfill some of his chief campaign promises, including lowering corporate taxes and rethinking U.S. trade policy.
Trump intends to formally name Cohn to the post, which does not require Senate confirmation, but additional details remained unclear, according to a transition official who spoke on the condition of anonymity and was not authorized to speak publicly. The expected appointment was first reported by NBC News.
In Cohn, Trump would once again be picking a veteran of a New York investment bank that he repeatedly denounced during the campaign. During the campaign Trump argued that Goldman held “total control” over both Democrat Hillary Clinton and GOP rival Ted Cruz and he even released a television ad that flashed an image of Goldman Sachs chief executive Lloyd Blankfein and warned of a “global power structure” that was robbing American workers.
The Full Story (December 9, 2016)
See also: Trump Said to Offer Goldman's Cohn National Economic Council Job by Dakin Campbell and Saleha Mohsin of Bloomberg News.
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