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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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NEWSLETTERS & ALERTS
Donald Trump & Co.
An 'OOPS' Moment for Cohn, Trump's Director of Nat'l Economic Council
[Photo: by Bloomberg News, appearing in businesstimes.com]
As 2nd in command at Goldman Sachs, Gary Cohn rarely spoke out of turn and rarely was second-guessed for something he said.
But on Friday, after the Bureau of Labor Statistics announced that the U.S. had added 235,000 jobs in February, Cohn told CNBC interviewers that the Trump administration was not the reason for the better-than-expected numbers. After all, none of the jobs promised by CEO’s in their meetings with Trump had been created.
“Those hirings have not been done yet. Those are future hirings.”
Problem for Mr. Cohn was that his comments did not conform to the “Company Line,” which can be illustrated in tweets by President Trump and Chief of Staff Reince Priebus :
“GREAT AGAIN: +235,000.” - - Trump Tweet.
.@POTUS Trump delivers in first #JobsReport. 235,000 new jobs and unemployment rate down to 4.7%. Great news for American workers! - - Priebus Tweet.
Gary Cohn apparently needs to escalate his learning curve. Then again, it can be difficult to teach an old dog new tricks.