Kevin Warsh in London in 2014 (AP)

Possible nominees to top Fed posts, per the Wall Street Journal, "include former governors Lawrence Lindsey and Kevin Warsh, former BB&T Bank chief executive John Allison, and Stanford University economist John Taylor."

  • The front-page article is headlined "Cohn Now Seen as Unlikely Pick to Be Fed Chairman," which the Journal says is largely because of Cohn's public criticism of Trump's response to Charlottesville.
  • What's new: "Fed Vice Chairman Stanley Fischer said Wednesday he will resign in mid-October for personal reasons, adding another vacancy to the three others on the powerful seven-member Fed board of governors."
  • Why it matters: "His departure accelerates Mr. Trump's opportunity to put his stamp on the central bank."

Scenarios: "The White House has been considering nominating Marvin Goodfriend, a former research director at the Richmond Fed who is a professor at Carnegie Mellon University, to the Fed's board.""One possibility would be to nominate an incoming board member, such as Mr. Goodfriend, or a current board member, such as Fed governor Jerome Powell, to the vice-chair post."

Be smart: Since Cohn criticized Trump in a Financial Times article, White House insiders have been telling us the favorite for Fed chair is Kevin Warsh, an economic official in the George W. Bush White House, and member of the Fed board from 2006 until 2011.

Worthy of your time: Greg Ip column in Wall Street Journal, "Comfortably numb ... Why the U.S. Economy Shrugs Off Politics":"Federal default or nuclear war fall in the category of unprecedented and unthinkable. Faced with such risks, the usual reaction is to assume they won't happen. Yet that assumption becomes a risk in itself: It alleviates the pressure to prepare for either and multiplies the damage if they do occur."

Go deeper

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Politics: Trump calls Fauci a "disaster" on campaign call.
  2. Health: Coronavirus hospitalizations are on the rise — 8 states set single-day coronavirus case records last week.
  3. States: California to independently review FDA-approved coronavirus vaccinesWisconsin judge reimposes capacity limit on indoor venues.
  4. Media: Trump attacks CNN as "dumb b---ards" for continuing to cover pandemic.
  5. World: Ireland moving back into lockdown as cases surge — Argentina becomes 5th country to report 5 million infections
Updated 2 hours ago - World

In photos: Coronavirus restrictions grow across Europe

A closed-down pub in Dublin on Oct. 19. Under Ireland's new six-week-longh measures, taking effect at midnight on Oct. 21, most must stores close, home visits will be banned and a three-mile travel limit will be imposed for exercise.

The Republic of Ireland's Taoiseach Micheál Martin announced Monday evening the country would this week return to its highest level of lockdown restrictions.

The big picture: Restrictions are returning across Europe as the continent faces a second coronavirus wave. Several countries have imposed regional lockdowns, but Ireland is the first to return to a full nationwide lockdown. Take a look at what's happening, in photos.

Dion Rabouin, author of Markets
4 hours ago - Economy & Business

The 2020 holiday season may just kill Main Street

Illustration: Eniola Odetunde/Axios

Online retail and e-commerce have been chipping away at brick-and-mortar businesses over the years but the combination of the coronavirus pandemic and the 2020 holiday season may prove to be a knockout blow.

State of play: Anxious consumers say financial concerns and health worries will push them to spend less money this year and to do more of their limited spending online.