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Started By
Message
Trump will likely be choosing new fed chair within 2 weeks. Could be big deal
Posted on 10/17/17 at 1:11 pm
Posted on 10/17/17 at 1:11 pm
Trump is expected to announce his decision for next Fed Chair in the next 2 weeks, before he leaves for his Asian trip on November 3.
LINK
John Taylor would be a risky pick, but I think his hawkish views on interest rates could be the best road to take thinking long term.
quote:
Yesterday, the USD and bond yields turmoiled briefly following news that Trump had warmed to the candidacy of San Fran professor John Taylor, father of the Taylor Rule and advocate of rules-based monetary policy, and who is widely perceived as a mega hawk. The news sent the USD surging and hit bonds.
LINK
quote:
YELLEN, WARSH, TAYLOR, POWELL AND COHN ALL CANDIDATES FOR FED CHAIR -WHITE HOUSE OFFICIAL
FED CHAIR SEARCH NOW NARROWED TO FIVE FINAL CANDIDATES, WHITE HOUSE OFFICIAL SAYS
AFTER YELLEN MEETING, TRUMP WILL HAVE DISCUSSED FED JOB WITH ALL FIVE FED CANDIDATES -WHITE HOUSE OFFICIAL
TRUMP EXPECTED TO ANNOUNCE FED DECISION BEFORE HE LEAVES FOR ASIA TRIP NOV. 3 -WHITE HOUSE OFFICIAL
John Taylor would be a risky pick, but I think his hawkish views on interest rates could be the best road to take thinking long term.
9
Posted on 10/17/17 at 1:13 pm to HailHailtoMichigan!
This is an extremely important pick. Whoever this ends up being has to finish winding down the Fed balance sheet at the correct pace while potentially accounting for an influx of cash and spending created by tax reform and repatriation.
Posted on 10/17/17 at 1:14 pm to HailHailtoMichigan!
Dr. Ronald Paul, please.
Posted on 10/17/17 at 1:20 pm to HempHead
quote:
Dr. Ronald Paul, please.
when did he work at Goldman?
Posted on 10/17/17 at 1:21 pm to HempHead
quote:Now that would cause a melt.
Dr. Ronald Paul, please.
Posted on 10/17/17 at 1:21 pm to HailHailtoMichigan!
Posted on 10/17/17 at 1:23 pm to HailHailtoMichigan!
he sure is making Gary work for it.
Posted on 10/17/17 at 1:23 pm to HempHead
Imagine the melt if it was Peter Schiff.
Posted on 10/17/17 at 1:25 pm to HailHailtoMichigan!
i wonder why he's considering yellen
Posted on 10/17/17 at 1:26 pm to SCLibertarian
Fingers crossed for Neel Kashkari
He's been voting against rate hikes and wants the economy to "run hot"
He's been voting against rate hikes and wants the economy to "run hot"
Posted on 10/17/17 at 1:28 pm to HailHailtoMichigan!
quote:
John Taylor would be a risky pick
All the nominees are barley different. That's the way it is for all Fed Chair picks.
Posted on 10/17/17 at 1:29 pm to HempHead
Impossible. The Fed Chair has to be chosen from existing members of the Board of Governors.
Posted on 10/17/17 at 1:32 pm to HailHailtoMichigan!
This is going to be a big deal. I can't imagine Yellen will get renewed. Taylor might wreck markets though as he is going raise rates, but who knows if trump is aware of that particular linkage.
Just please don't be Cohn.
Just please don't be Cohn.
Posted on 10/17/17 at 1:41 pm to HailHailtoMichigan!
As long it's not Gary Cohn, I'm happy.
frick his open insubordination over Charlottesville. He was the front runner for fed chair before he pissed his boss off who only kept him around for tax reform.
frick his open insubordination over Charlottesville. He was the front runner for fed chair before he pissed his boss off who only kept him around for tax reform.
Posted on 10/17/17 at 1:43 pm to Parmen
quote:
Impossible. The Fed Chair has to be chosen from existing members of the Board of Governors.
Well, then why not just shut the whole thing down?
Posted on 10/17/17 at 2:02 pm to 90proofprofessional
quote:
i wonder why he's considering yellen
He probably isn't. Keeping her name on the list is probably a strategy so he doesn't have to fight over replacing her until he has already made the decision.
Posted on 10/17/17 at 2:02 pm to HailHailtoMichigan!
Few posts in this thread worth addressing:
quote:There are currently 2 board vacancies, so Trump could fill 1 of those with whoever his choice for chair might be
Impossible. The Fed Chair has to be chosen from existing members of the Board of Governors.
quote:That’s asinine. Taylor as all about a rules-based approach to minimize expectations disruptions whereas Yellen is about as pro-discretionary policy as we’ve seen. They are on opposite ends of the monetary policy spectrum
All the nominees are barley different. That's the way it is for all Fed Chair picks.
quote:There’s a strong argument to be made for rates currently being too low. Raising them might slow our growth, but it certainly won’t ‘wreck markets’. I wonder if you’re aware of this glaring flaw in your imagined ‘linkage’
Taylor might wreck markets though as he is going raise rates, but who knows if trump is aware of that particular linkage.
quote:But abso-fricking-lutely this
Just please don't be Cohn.
Posted on 10/17/17 at 8:00 pm to Zach
quote:
Well, then why not just shut the whole thing down?
I still don't even understand what the Fed really is tbh.
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