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White House: Rumors of Gary Cohn's resignation '100% false'

  • National Economic Council Director Gary Cohn is "focused on his responsibilities," the White House said Thursday.
  • "Any reports to the contrary are 100% false," the statement said.
  • Earlier, rumors of Cohn's possible resignation weighed on market sentiment.

The White House Thursday strongly denied rumors that National Economic Council Director Gary Cohn might follow other top business leaders in leaving the Trump administration.

"Nothing has changed. Gary is focused on his responsibilities as NEC Director and any reports to the contrary are 100% false," the White House said in a statement.

Earlier, rumors that Cohn, former president of Goldman Sachs, would leave the White House had dented market sentiment.