Trump Is Said Unlikely to Nominate Cohn as Fed Chair: WSJ

The transcript discusses the unexpected resignation of Fisher and the potential implications for the Federal Reserve's leadership. It explores the challenges Gary Cohn faces in being nominated as the next Fed chief, including political and ideological opposition. The conversation also touches on Janet Yellen's regulatory stance, particularly her opposition to rolling back Dodd-Frank regulations, and how this affects her standing with the Trump administration. The discussion concludes with an overview of the limitations of the Fed's rulemaking capabilities under current legislative parameters.

What was the primary reason for Fisher's unexpected resignation?

• He was dissatisfied with his role.

• His term was ending soon.

• He wanted to bridge the transition to a new chairman.

• He disagreed with Janet Yellen's policies.

Why might Gary Cohn face challenges in being nominated as the next Fed chief?

• His Wall Street background is controversial.

• He has no political affiliations.

• He lacks experience in financial markets.

• He is a strong supporter of Janet Yellen.

What is a potential reason for opposition to Janet Yellen's reappointment?

• Her political neutrality.

• Her support for Wall Street.

• Her lack of experience.

• Her stance on regulation.

How does Gary Cohn's view on regulation differ from Janet Yellen's?

• He supports more stringent regulations.

• He is more open to rolling back Dodd-Frank.

• He wants to maintain the current regulatory framework.

• He opposes any changes to financial regulations.

What is the expected role of Randy Quarles in the context of banking pressures?

• To oppose any regulatory changes.

• To introduce new regulations.

• To maintain the status quo.

• To relieve some banking pressures.