Could Donald Trump Save the Federal Reserve?
• https://fee.org, Mani BasharzadKevin Warsh, Trump's nominee for the next Federal Reserve chair, understands how the system works and, more importantly, what is fundamentally wrong with it.
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Kevin Warsh, Trump's nominee for the next Federal Reserve chair, understands how the system works and, more importantly, what is fundamentally wrong with it.
The End Of The US Monetary Order
In this episode, we're joined by economist Phillip Patrick to break down what a potential Trump pick for Federal Reserve Chair could mean for the U.S. dollar, inflation, interest rates, and global confidence in the American economy.
Donald Trump has nominated Kevin Warsh to serve as the next Federal Reserve chair, selecting an inflation hawk who aligns with his criticisms of the bank.
Update (0700ET): As was apparently leaked last night - for a big win on Polymarket...
Nonetheless, compared to the other candidates, Warsh is certainly more on the hawkish side of the spectrum. And so, most asset classes wavered.
...Kevin Warsh Fed Pick w/ Chris Cuomo
Federal Reserve chair Jerome Powell testified before the Joint Economic committee. Jamie Herra Beutler (R-Ark.) questions.
That's what GOLD is telling you.
What does the Federal Reserve have in common with Venezuela and Greenland? It has been targeted by President Trump for regime change.
US futures are higher, led by Tech, and approaching record levels from earlier this month as geopolitical and headline risk subsides while the market focuses on looming Mag 7 earnings and Wednesday's Fed decision is expected to be a non-event.
What does the Federal Reserve have in common with Venezuela and Greenland? It has been targeted by President Trump for regime change.
The monetary order is breaking down..
In early 2020 at the beginning of the pandemic hysteria I noted that the covid panic seemed to perfectly coincide with the Federal Reserve's acceleration of interest rates and and asset dumping.
The spat between the White House and Fed Reserve Chairperson Jerome Powell, a President Trump appointment, is hardly unusual. Lyndon Johnson and Richard Nixon bullied the central bank to lower interest rates.
ONE OF THE BIGGEST QE PROGRAMS IN US HISTORY.
Trump wants a loyalist. Senators want independence. Backlash in progress.