FIRST AIRED: April 17, 2017

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00:00:00
>> We're going to drain the swamp.>> After several major reversals on a host of issues, President Trump appears to have shifted from the nationalist playbook of Steve Bannon to a more moderate and globalist approach. But then who now might be guiding Trump in that direction? Reuters political correspondent James Oliphant has an idea.
00:00:22
>> Gary Cohn right now is the top economic policy advisor to president Trump. He's the chairman of the National Economic Council, and he's really developing a rather large portfolio within the White House, not only tax reform but an upcoming infrastructure plan. And he had a piece in the health care reform, so he's really emerging as one of the leading voices in Donald Trump's ear.
00:00:44
>> Cohn is one of just a few former Goldman Sachs executives sprinkled throughout Trump's administration. But he's built a strong rapport with the president, who relates to his aggressive personal style. But there are also some key differences between them.>> Gary Cohn is a strange fit for Trump in one very notable way, he's a registered Democrat.
00:01:04
Who's given to Hillary Clinton and other Democratic politicians through the years. But he's also viewed as a very pragmatic man who's not an ideologue. If anything, what he's going to do is promote business-friendly policies that are going to benefit corporate America and Wall Street.>> And as the behind the scenes battle between Bannon and Trump's son-in-law Jared Kushner escalates, Oliphant says Cohn is well positioned for when the dust settles.
00:01:31
>> Cohn is a major beneficiary of this ongoing skirmish between Steve Bannon and Jared Kushner. Cohn is aligned with Kushner and Ivanka Trump. And they're viewed as sort of the New York power center in the White House that's pushing for maybe a more pragmatic and moderate approach than is being advocated by people like Steve Bannon and Stephen Miller.
00:01:52
And so what we're seeing is really a conflict now where in the White House people are choosing sides and Kushner rises, Cohn is rising with him.>> In the last two weeks, Trump intervened in Syria, emphasized the importance of NATO, which he once termed obsolete. And also reversed himself on the Federal Reserve's policy of holding down interest rates.
00:02:13
He's even ramped up criticism of Russia, and recently talked down the idea of a trade war with China, the kind of pro-trade positions someone like Gary Cohn might support.