National Economic Council Director Gary Cohn is the front-runner to replace Federal Reserve Chairwoman Janet Yellen next year, Politico reported, citing unnamed people close to the process. Cohn, the former Goldman Sachs president, would be easily confirmed, the report said. Former Fed Gov. Kevin Warsh is also a candidate to be Fed chief, and like Cohn, doesn’t have a Ph.D. in economics. Yellen is due to testify to Capitol Hill on Wednesday and Thursday.
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