Central bankers were back in the spotlight this weekend as some of the biggest names gathered in the US ski resort of Jackson Hole.
Cohn and Yellen are both candidates to be the next Chairman of the Federal Reserve, president tells the Wall Street Journal.
Yellen would not comment specifically on what actions the Fed will take, but she also was critical of the bank's actions.
The central bank chief said regulations have made another crisis less likely and the financial system has enough capital on hand to withstand a downturn.
Janet Yellen's days as Fed Chairman may be numbered, but a former commodity trader shouldn't be her successor.
The chair of the US Federal Reserve, Janet Yellen, said Tuesday evening that she did not expect another financial crisis “in our lifetime”.
The US Federal Reserve announced it was raising short-term interest rates by a quarter percentage point on Wednesday as the central bank continued to unwind the massive economic stimulus plan brought in after the great recession.
A possible Janet Yellen exit could lead the Fed to downsize its $4.5 trillion balance sheet soon, Goldman says.