Gary Cohn is reportedly set to leave the White House as soon as tax reform is done

  • Gary Cohn is reportedly set to leave the Trump administration as soon as the Republican attempt to reform the tax code is concluded.
  • GOP leaders are hoping to get tax reform done by the end of 2017.
  • Cohn is also out of the running to be the next chairman of the Federal Reserve.

Gary Cohn, director of the National Economic Council and President Donald Trump's top economic advisor, is eyeing a White House exit as soon as tax reform is done, according to a report.

Bloomberg reported Wednesday that Cohn, the former Chief Operating Officer at Goldman Sachs, will likely to leave the Trump administration following the Republican tax reform push.

Trump and Republican leaders have said they want to pass a tax reform bill by the end of 2017. According to Bloomberg, Trump is frustrated with the speed of the tax plan. As it stands now, a bill has not been made public and there are still numerous hurdles for an overhaul would need to overcome.

29 PHOTOS
Members past and present of President Trump's inner circle
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Members past and present of President Trump's inner circle
Ivanka Trump: First daughter and presidential adviser
Gen. John Kelly: Former Secretary of Homeland Security, current White House chief of staff
Steve Bannon: Former White House chief strategist, no longer with the Trump administration
Jared Kushner: Son-in-law and senior adviser
Kellyanne Conway: Former Trump campaign manager, current counselor to the president
Reince Priebus: Former White House chief of staff, no longer with the Trump administration
Anthony Scaramucci: Former White House communications director, no longer with the Trump administration
Sarah Huckabee Sanders: White House press secretary
Donald Trump Jr.: First son to President Trump
Sean Spicer: Former White House press secretary, soon to be no longer with the Trump administration
Jeff Sessions: U.S. attorney general
Steve Mnuchin: Secretary of Treasury
Paul Manafort: Former Trump campaign chairman
Carter Page: Former foreign policy adviser to Trump's presidential campaign
Omarosa Manigault: Director of communications for the Office of Public Liaison
Melania Trump: Wife to President Trump and first lady of the United States
Jason Miller: Former White House communications director, no longer with the Trump administration
Hope Hicks: White House Director of Strategic Communications
Mike Dubke: Former White House communications director, no longer with the Trump administration
Stephen Miller: Trump senior policy adviser
Corey Lewandowski: Former Trump campaign manager
Eric Trump: Son to President Trump
Rex Tillerson: Secretary of State
Michael Flynn: Former National Security Advisor, no longer with the Trump administration
Sebastian Gorka: Former deputy assistant to the president in the Trump administration, no longer in his White House role
Roger Stone: Former Trump campaign adviser, current host of Stone Cold Truth
Betsy DeVos: U.S. Education Secretary
Gary Cohn, director of the U.S. National Economic Council, walks toward Marine One on the South Lawn of the White House in Washington, D.C., U.S., on Wednesday, July 5, 2017. President Donald Trump's encounter this week at the Group of 20 summit with Russian leader Vladimir Putin is raising concerns among veteran American diplomats and analysts about a mismatch between a U.S. president new to global affairs and a wily former Soviet spymaster. Photographer: Andrew Harrer/Bloomberg via Getty Images
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Cohn and Trump's relationship has been on the rocks ever since the former banker publicly criticized the president for his response to the white nationalist violence in Charlottesville, Virginia. Up until that point, Cohn was considered the frontrunner to replace Janet Yellen atop the Fed. Bloomberg now says Trump has ruled him out for the job.

An announcement of the next Fed chair is expected within the next week.

The White House did not immediately respond to Business Insider's request for comment. 

20 PHOTOS
National Economic Council director Gary Cohn
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National Economic Council director Gary Cohn
White House chief economic adviser Gary Cohn speaks during a press briefing at the White House in Washington, U.S., September 28, 2017. REUTERS/Yuri Gripas
Director of the National Economic Council Gary Cohn stands before a moment of silence in the wake of a mass shooting in Las Vegas at the White House in Washington, U.S., October 2, 2017. REUTERS/Joshua Roberts
National Economic Council director Gary Cohn (L) and White House Chief of Staff John Kelly speak during a meeting between U.S. President Donald Trump and Puerto Rico Governor Ricardo Rossello in the Oval Office of the White House in Washington, U.S., October 19, 2017. REUTERS/Kevin Lamarque
National Economic Council director Gary Cohn listens during a meeting between U.S. President Donald Trump and Puerto Rico Governor Ricardo Rossello in the Oval Office of the White House in Washington, U.S., October 19, 2017. REUTERS/Kevin Lamarque
White House chief economic adviser Gary Cohn sits with other administration officials for a news conference with Kuwait's Emir Sabah Al-Ahmad Al-Jaber Al-Sabah and U.S. President Donald Trump at the White House in Washington, U.S. September 7, 2017. REUTERS/Jonathan Ernst
White House senior adviser Jared Kushner (L) and economic adviser Gary Cohn take part in a meeting in the Cabinet Room of the White House in Washington, U.S., September 7, 2017. REUTERS/Kevin Lamarque
Gary Cohn, U.S. President Donald Trump's top economic adviser, steps from Air Force One at Joint Base Andrews in Maryland, U.S., August 30, 2017. REUTERS/Kevin Lamarque
U.S. President Donald Trump waits on the line as he call Prime Minister Leo Varadkar of Ireland to congratulate him for his victory, accompanied by Director of the White House National Economic Council Gary Cohn and National Security Advisor H.R. McMaster, at the Oval Office of the White House in Washington, U.S., June 27, 2017. REUTERS/Carlos Barria
U.S. Secretary of State Rex Tillerson (C) and Director of the White House National Economic Council Gary Cohn (L) attend a dinner hosted by U.S. President Donald Trump (not pictured) welcoming Indian Prime Minister Narendra Modi (not pictured) at the White House in Washington, U.S., June 26, 2017. REUTERS/Carlos Barria
(L-R) U.S. Secretary of State Rex Tillerson, White House senior advisor Jared Kushner, National Security Advisor H.R. McMaster and chief economic advisor Gary Cohn leave notes at the Western Wall in Jerusalem May 22, 2017. REUTERS/Jonathan Ernst
Gary Cohn, the director of the U.S. National Economic Council, smiles during the Group of Thirty (G30) International Banking Seminar in Washington, D.C., U.S., on Sunday, Oct. 15, 2017. The seminar takes place to coincide with the Annual Meetings of the International Monetary Fund (IMF) and World Bank Group. Photographer: Olivier Douliery/Bloomberg via Getty Images
WASHINGTON, DC - SEPTEMBER 28: Director of the National Economic Council Gary Cohn waits to speak during the daily news briefing at the James Brady Press Briefing Room of the White House, September 28, 2017 in Washington, DC. Cohn discussed the administration's plans for reforming the tax code. (Photo by Drew Angerer/Getty Images)
WASHINGTON, DC - SEPTEMBER 28: (L to R) Homeland Security Director Tom Bossert and Director of the National Economic Council Gary Cohn arrive for the daily news briefing at the James Brady Press Briefing Room of the White House, September 28, 2017 in Washington, DC. Cohn discussed the administration's plans for reforming the tax code. (Photo by Drew Angerer/Getty Images)
Kellyanne Conway, senior advisor to U.S. President Donald Trump, left, speaks with Gary Cohn, director of the U.S. National Economic Council, before a moment of silence with U.S. President Donald Trump, not pictured, in remembrance of those lost during the September 11, 2001 terrorist attacks, on the South Lawn of the White House in Washington, D.C., U.S., on Monday, Sept. 11, 2017. Trump is presiding over his first 9/11 commemoration on the 16th anniversary of the terrorist attacks that killed nearly 3,000 people when hijackers flew commercial airplanes into New York's World Trade Center, the Pentagon and a field near Shanksville, Pennsylvania. Photographer: Andrew Harrer/Bloomberg via Getty Images
Gary Cohn, director of the U.S. National Economic Council, left, speaks with Ivanka Trump, assistant to U.S. President Donald Trump, right, and Jared Kushner, senior White House adviser, before a moment of silence with U.S. President Donald Trump, not pictured, in remembrance of those lost during the September 11, 2001 terrorist attacks, on the South Lawn of the White House in Washington, D.C., U.S., on Monday, Sept. 11, 2017. Trump is presiding over his first 9/11 commemoration on the 16th anniversary of the terrorist attacks that killed nearly 3,000 people when hijackers flew commercial airplanes into New York's World Trade Center, the Pentagon and a field near Shanksville, Pennsylvania. Photographer: Andrew Harrer/Bloomberg via Getty Images
Gary Cohn, director of the U.S. National Economic Council, right, speaks with Hope Hicks, White House director of strategic communications, before a moment of silence with U.S. President Donald Trump, not pictured, in remembrance of those lost during the September 11, 2001 terrorist attacks, on the South Lawn of the White House in Washington, D.C., U.S., on Monday, Sept. 11, 2017. Trump is presiding over his first 9/11 commemoration on the 16th anniversary of the terrorist attacks that killed nearly 3,000 people when hijackers flew commercial airplanes into New York's World Trade Center, the Pentagon and a field near Shanksville, Pennsylvania. Photographer: Andrew Harrer/Bloomberg via Getty Images
BRIDGEHAMPTON, NY - AUGUST 5: Richard Kalbacher and Gary Cohn attend Sixth Annual Hamptons Paddle and Party for Pink Benefitting the Breast Cancer Research Foundation at Fairview on Mecox Bay on August 5, 2017 in Bridgehampton, NY. (Photo by Patrick McMullan/Patrick McMullan via Getty Images)
BRIDGEHAMPTON, NY - AUGUST 5: (L-R) Jason Binn, Ryan Seacrest, Lisa Pevaroff-Cohn and Gary Cohn attend Sixth Annual Hamptons Paddle and Party for Pink Benefitting the Breast Cancer Research Foundation at Fairview on Mecox Bay on August 5, 2017 in Bridgehampton, NY. (Photo by Patrick McMullan/Patrick McMullan via Getty Images)
WASHINGTON, DC - JUNE 21: National Economic Council chairman Gary Cohn stands at the North Portico before President Donald Trump travels to Iowa from the White House in Washington, DC on Wednesday, June 21, 2017. (Photo by Jabin Botsford/The Washington Post via Getty Images)
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