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Trump Has Shortlist For Fed, Yellen Not Expected To Get The Nod
It's been all about Warsh for Fed chair since the Journal reported on Friday that Trump and Mnuchin
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Yellen is moot because she knows enough to cut-and-run like Ray Dalio before the SHTF.
Trump is an old real estate guy so he wants 0% interest rates so I’d guess he’ll pick Powell. Idiot.
Another big nail in the coffin of US. The dollar today is like the Pound was in the first decade, last century.
The smart money is on Warsh..Warsh and his father in law and wife are family friends and Trump has already had enough of ideological bedfellows. Especially since his only ideology is to borrow cheap and not pay back when possible.
Trump has to get approval for his Fed Chair..and once confirmed is also VERY difficult to undo.
In other words he needs two indispensable things from Warsh…
1. He has to have a “tough on inflation” resume and the right connections..done…
2. He has to do what he’s told when appointed..that’s where Warshs’ father in law comes in..Warsh will make
whatever backtracking arguments he needs to to keep rates lower..or even move them lower….