<p>President-elect Donald Trump announced Monday that he would be appointing longtime Goldman Sachs executive Gary Cohn as chief economic adviser and director of the National Economic Council. ;</p>
<p>Donald Trump was not kind to the banking firm during his campaign, accusing Ted Cruz of being under Goldman&rsquo;s control and lambasting Hillary Clinton for delivering paid speeches to the bank.  ; ;</p>
<p>Nonetheless, Trump seems confident that Cohn is the right pick for the job. &ldquo;He will help craft economic policies that will grow wages for our workers, stop the exodus of jobs overseas, and create many great new opportunities for Americans who have been struggling,&rdquo; said Trump. &ldquo;He fully understands the economy and will use all of his vast knowledge and experience to make sure the American people start winning again.&rdquo; ;</p>
<p>After Steve Bannon (Trump&rsquo;s White House senior adviser) and Steve Mnuchin (Treasury Secretary), Cohn will be the third former Goldman Sachs employee to join the Trump Administration. ;</p>
<p>Cohn, a registered Democrat, considers the nomination a &ldquo;great honor,&rdquo; adding that he shares President-elect Trump&rsquo;s &ldquo;vision of making sure every American worker has a secure place in a thriving economy.&rdquo;  ;</p>
<p>Goldman Sachs stock has jumped 30% since Trump&rsquo;s election. Cohn owns thousands of shares now estimated to be worth more than $200 million, but will probably have to sell it all before taking his new position in the Trump Administration. ;</p>
<p>Cohn&rsquo;s appointment does not require Senate approval.</p>