Sources say Trump to pick Goldman Sachs president for National Economic Council

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NEW YORK, NY - NOVEMBER 29: Gary Cohn, president and chief operating officer at Goldman Sachs, talks on his phone as he arrives at Trump Tower, November 29, 2016 in New York City. President-elect Donald Trump and his transition team are in the process of filling cabinet and other high level positions for the new administration. (Photo by Drew Angerer/Getty Images)

WASHINGTON (AP) — President-elect Donald Trump is expected to pick Goldman Sachs President Gary Cohn for an influential White House economic post.

That’s according to two people informed of the decision.

The 56-year-old Cohn would lead the White House National Economic Council. The posting would require him to leave his $21 million a year job as president and chief operating officer at Goldman.

Trump repeatedly vilified the prestigious Wall Street bank on the campaign trail. Yet with the choice of Cohn, he’s now named three of its alumni to key positions in his upcoming administration.

The people informed of the decision spoke on condition of anonymity because they were not authorized to publicly discuss the expected move.

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