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Gary Cohn: “The Fed Is Doing A Good Job”; Trump “Respects The Powers Of The Fed”

Sunday, March 12, 2017 21:09
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(Before It's News)

zerohedge.com / by Tyler Durden / Mar 12, 2017 8:55 PM

Former Goldman president, and current White House chief economic advisor – as well as the person who supposedly is engaged in a bitter fued with Peter Navarro over the shape of future US trade policy – Gary Cohn appeared on Fox News Sunday, and spoke at length to Chris Wallace about some of the key economic policy changes to be implemented.

First, he touched on Obamacare repeal, saying that the administration will do “whatever it takes” to get the bill passed, setting a high bar for expectations from Trump who is still expected to meet significant challenges from House and Senate republicans.

Cohn then touched on Trump’s vision to protect the country, saying the Obama administration under-invested in the military the past eight years. “Unfortunately, we have no alternative but to reinvest in our military and make ourselves a military power once again,” Cohn said. Cohn said Trump met over the last several weeks with generals from the Army, Navy, Air Force and Marines to talk about the military’s preparedness. He said it has been disappointing to hear what these generals have had to say. Cohn conceded that if funds are used to reinvest in the military, cuts need to be made elsewhere in order ensure a balanced budget without creating a further deficit.

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The post Gary Cohn: “The Fed Is Doing A Good Job”; Trump “Respects The Powers Of The Fed” appeared first on Silver For The People.



Source: http://silveristhenew.com/2017/03/12/gary-cohn-the-fed-is-doing-a-good-job-trump-respects-the-powers-of-the-fed/

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