Gary Cohn

I think that there's a couple balls up in the air right now.

A couple.

But, you know, this too shall pass.

We can go back in the last eight, 12 years, and there's been periods of time where we've had these highly volatile geopolitical moments.

We're in a highly volatile geopolitical moment right now.

And by the way, I'm not sure it's a coincidence that Davos is right in the middle.

Look, the president's in an enviable position right now.

He's got what we know.

He's got four really highly qualified candidates.

Any one of those four could do a really good job in there.

I think the president at this point is trying to understand the sort of mindset of the person he's going to put into the position.

The president clearly has a view on what interest rate policy should be.

The problem or the opportunity with the Fed job is once he appoints someone into that job, they're an independent agency, and he loses his day-to-day contact with that person.

So I think the president learned in the first administration that it's very important to who he puts in that job and that he should make sure that he's very comfortable with their policy mandate before he appoints them.

Look, I think the committee structure is going to be the committee structure.

I'm not sure if the chairperson can ultimately sway the committee that far.

Could they sway one vote or two votes potentially?

But you've got some very strong regional bank presidents.

You've got some very strong governors in the Fed.

I think the Fed ultimately at the end of the day is going to be a tough group to persuade.