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The Latest Breaking News from Gary Cohn

Top economist Brad DeLong to recent college grads: Don't blame AI for job struggles—blame the sputtering economy

"For the longer-run, the rise in the college wage premium is over, and a decline has (probably) begun," the Berkeley economist writes.

Fortune

Former Trump official Gary Cohn flags 'warnings below the surface' for the economy: 'Consumers are not out there willfully spending money'

Cohn, a longtime tariff critic, says the economy looks good if you focus on topline data, but people are holding onto jobs and cutting back on Starbucks.

Fortune

Did Trump’s tariffs kill economic populism?

Lasting damage has been done not only to Trump’s political credibility but to globalisation as a system

The Guardian - UK

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Wall Street gets its Trump wake-up call

Analysis: Wall Street is freaking out about Trump’s trade war. But it was always in plain sight

The Independent UK

The economy was always Trump’s strength. Polls show it might be cracking

ANALYSIS: Analysis: Americans voted for Trump because they believed he would lower prices and the cost of living. New surveys show people are losing their faith that he’ll accomplish that

The Independent UK

Trump To Face Less Internal Pushback In New Term: Ex-commerce Chief

Donald Trump's staff choices will ensure he faces less internal pushback on his aggressive economic policies, such as tariff hikes, than during his first term, former commerce secretary Wilbur Ross told AFP Monday.

International Business Times

The next 4 years

With Republicans winning control of the House, President-elect Donald Trump will be heading to Washington with a clear path for enacting his agenda.

Fortune

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Trump Likely To Keep Powell As Federal Reserve Chair

President-elect Trump likely to retain Jerome Powell as Federal Reserve Chair until 2026. Continuity expected in leadership at the Federal Reserve.

Top News

Expected Fed Rate Cuts Won't Have Much Impact On Mortgage Market, Says Gary Cohn

"I do not see a major impact to the mortgage market or credit-card financing or anything else by the Fed starting to drop rates this week," Cohn said.

International Business Times

First Republic in limbo as US regulators juggle bank's fate

Regulators are searching for a solution to First Republic Bank’s woes, hoping to find a way forward before U.S. stock markets open Monday

The Independent UK

First Republic Bank’s fate is up in air as regulators seek a solution to its woes

First Republic is seen as the next bank likely to fail after Silicon Valley Bank, Signature Bank because of its amount of uninsured deposits and exposure to low interest rates.

Chicago Sun-Times

First Republic up in air as regulators juggle bank's fate

Regulators continued their search for a solution to First Republic Bank’s woes over the weekend before stock markets were set to open Monday

The Independent UK

Return to office helps avert U.S. recession: Gary Cohn

“Think about people going back into the office," said Gary Cohn on Sunday. "They need people to work in the buildings."

Fortune

Jared Kushner describes Steve Bannon as ‘a suicide bomber’ who ‘blew up’ the White House

Kushner brands Bannon ‘divisive’ and accuses him of ‘knife-fighting’ other members of the Trump administration

The Independent UK

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Salon

Kushner's book dishes on "toxic" Bannon

Kushner refers to Bannon in his book as "a black belt in the dark arts of media manipulation"

The Independent UK

Steve Bannon threatened to ‘break’ Jared Kushner ‘in half’ over leak accusations, book claims

Mr Kushner reportedly writes that Bannon threatened him on multiple occasions

People

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