Fed hawk now favourite for chair?

Wednesday, 25 October 2017

Via Dow Jones:

President Donald Trump asked Republican senators for a show-of-hands poll on two candidates he is considering to be the next chairman of the Federal Reserve.

Senator Tim Scott said the President, who was on Capitol Hill at a Senate GOP caucus lunch, asked the group which candidate they preferred to lead the Fed — current Fed governor Jerome Powell or Stanford University economics professor John Taylor.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.