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Yellen, Warsh Out Of The Running For Fed: Politico
Before you read this, remember that at the end of the day, the choice will apparently be made by not
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Wait a minute, there’s something fishy going on here. How did Krusty drop out of the race? Surely he should be neck and neck with Kashkari?
No, it’s the same clown. And he just might get the nod despite the odds cuz he’s the most dovish and a republican and apparently a real “yes man”, so he ticks the most important boxes for trump.
And then we find out Trump bet on Warsh to win, shorted the market and picked him on condition he ups rates immediately to 6%. All the sudden Trump is rolling in it. The markets start to crash and he fires Warsh for wrecking the market, goes long on stocks and appoints Powell to drop rates to -1% and launch a QE buy storm. Or do we believe Trump wouldn’t abuse his power to manipulate the markets and make himself money?
There’s really only one question Trump will ask himself before he names his choice…”If it hits the fan will this person accommodate the markets and play ball????” Everything else is blowing smoke….When Trump interviews each of the candidates he’s sizing them up not on credentials or their concept of the Fed’s defining guidelines in monetary policy..it’s strictly whether, when they get that call from the boss (and they WILL get that call) and liquidity needs to be shoveled in a bigly way they’ll shovel. It’s all about whether you understand who you really work for….
Dobbs told him Yellen. trump will go with Yellen (after he calls Hannity and confirms that’s who he also picks because trump has made it clear he thinks Dobbs and Hannity are the Best!)