A group of liberal activists who have pressured the Federal Reserve to keep interest rates low are calling on Gary Cohn, head of Donald Trump’s National Economic Council and a potential candidate to replace Janet Yellen as Fed chair, to resign.
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FED UP ACTIVISTS: 'It has taken Gary Cohn almost 2 weeks to find the backbone to gently criticize Trump'
A group of liberal activists are calling on Gary Cohn, head of Donald Trump’s National Economic Council and a potential candidate to replace Janet Yellen as Fed chair, to resign.
President Donald Trump speaks at a press conference on Tuesday in Trump Tower surrounded by top administration officials.
Cohn, who is Jewish, told the Financial Times in an interview that he was disturbed by the events in Charlottesville and disappointed with the response of the president, who appeared to equate neo-Nazis and white supremacists with counterprotesters.
"Citizens standing up for equality and freedom can never be equated with white supremacists, neo-Nazis, and the KKK," Cohn said in a clear rebuke of his boss. Trump condemned violence "on many sides," drawing fierce criticism from all corners of the political spectrum.
Cohn said he decided to stay in the administration despite this because he feels can do more for the country from the inside, although many analysts speculate he’s merely waiting around for that Fed chair appointment, and keen to enact tax cuts and deregulation.
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"As a Jewish American, I will not allow neo-Nazis ranting 'Jews will not replace us' to cause this jew to leave his job. I feel deep empathy for all who have been targeted by these hate groups. We must all unite together against them,” Cohn said.
The Fed Up coalition of community groups, which has successfully pushed the central bank to pay more attention to issues affecting the poor and minorities, said this was too little far too late.
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