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Gary Cohn: 5% GDP Growth Amid Affordability Challenges

2/1/2026

26 4 Full Breakdown

Summary

Story summary

Gary Cohn, IBM vice chairman and former U.S. economic adviser, said on Face the Nation that GDP growth is about 5% while affordability remains a challenge.
He cited layoffs at major companies as evidence of post-COVID workforce adjustments and rising input costs.
He endorsed Kevin Warsh as a nominee of U.S. President Donald Trump for Federal Reserve chairman, expecting traditional policy and disciplined rate management.

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Story summary

Gary Cohn, IBM vice chairman and former U.S. economic adviser, said on Face the Nation that GDP growth is about 5% while affordability remains a challenge.
He cited layoffs at major companies as evidence of post-COVID workforce adjustments and rising input costs.
He endorsed Kevin Warsh as a nominee of U.S. President Donald Trump for Federal Reserve chairman, expecting traditional policy and disciplined rate management.