Saturday 28 October 2017

Trump Will Announce New Fed Chair Next Week: It Won't Matter

Mish Talk:

Round robin speculation on the next Fed chair shifted for the third time this past week. In April, Gary Cohn had the inside track. Then speculation shifted to John Taylor. Now the speculation is on Fed governor Jerome Powell.

President Donald Trump said Friday he would announce his choice for the next leader of the U.S. central bank “sometime next week,” and said he has “somebody very specific in mind,” as reported by the Wall Street Journal.

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