Goldman Sachs takes over US financial policy as Trump names its president to head National Economic Council

President-elect Donald Trump on Monday said he would appoint Gary Cohn, a longtime Goldman Sachs executive, to lead the powerful National Economic Council, giving the Wall Street insider a key job in developing the new administration’s economic policy.
The position, which does not require Senate confirmation, can be as influential as the treasury secretary or other Cabinet posts, and Trump said in a statement that Cohn would be his “top economic adviser.”
“Gary Cohn is going to put his talents as a highly successful businessman to work for the American people,” Trump said in the statement. “He will help craft economic policies that will grow wages for our workers, stop the exodus of jobs overseas and create many great new opportunities for Americans who have been struggling.”
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