Cohn, a registered Democrat, acted as a trusted advisor to the president, fighting to succeed former Federal Reserve Chair Janet Yellen, a role that ultimately went to current Fed chief Jerome Powell in November 2017.
However, Cohn was greeted with skepticism by more conservative members of the government who rebuked economic aid’s support for free trade policies and the supposedly “globalist” economic outlook.
The Jewish Cohn publicly broke up with Trump over the president’s reaction to the deadly white supremacist rally in Charlottesville, Virginia, in August 2017, and resigned from the administration in March 201
The former Goldman Sachs chief executive officer has occasionally voiced criticism of the government since retiring, but he has not dismissed Trump’s presidency as completely as some former senior officials have.
Cohn had previously hesitated to endorse Trump’s January re-election offer, telling CBS News in an interview that while he had “no intention of not voting for president”, he was “leaving the door open”.
“I just don’t vote on the economy,” said Cohn. “I also vote on a lot of social issues. You know, in many ways, I have to balance both sides of this equation before I can figure out who I’m going to vote for. “
However, on Monday, Cohn spoke specifically about economic policy and his federal deficit concerns as he appeared more open to support Joe Biden’s candidacy.
“We need to have a plan to return to normalized budgetary conditions once we normalize and return to a normal economy in the United States,” he said. “And I really want to hear where the two candidates are. Just paying taxes makes no sense to me. We have to have a plan to put our finance house back in order.”