Race For Fed Chair Takes New Turn As Mnuchin Said To Push ‘Strongly’ For Powell

Race For Fed Chair Takes New Turn As Mnuchin Said To Push ‘Strongly’ For Powell

So Friday marks two weeks since Donald Trump said he was two to three weeks away from announcing his nominee for Fed Chair. Of course if we've learned anything when it comes to Trump's timetables, "two to three weeks" actually means something like 8 months. Remember, it was February 9 when the President told a group of airline CEOs the following: We are going to be announcing something over the next two or three weeks that will be phenomenal in terms of tax. About 10 weeks later, we got a d
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5 thoughts on “Race For Fed Chair Takes New Turn As Mnuchin Said To Push ‘Strongly’ For Powell

    1. Indeed, Powell already advocated the use of the “printing press” not long ago at the Chicago Global Initiative in reply to the issue of the huge debt overhang.

  1. Powell was the obama nominee so why is trump picking him for Fed Head (if, as many of you allege, trump’s primary modus operandi is to undo everything obama). Hmm?

    Anyway, just an absolutely terrible choice. Powell is an incompetent “yes” man. Wait until the crisis comes and see how fucked-up that is. Even Yellen would have been much better. Only Summers would be worse.

    Also, as trump seems to primarily value loyalty, why is he backstabbing his loyal AARP base that helped put him in office with the promise to normalize the “fake” rates and help impoverished seniors who are getting nothing on their life savings? Powell would be a betrayal of that election promise. They may remember this in the next election.

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