Who do you think the next Fed chair will be? I think it will be Powell because he’s a dove.
This is the best tl;dr I could make, original reduced by 81%. (I'm a bot)
There's no specific deadline for when the choice needs to be made, but the Senate must confirm the next Fed chair by February 4th 2018.
Kevin Warsh Is Critical Of QE. In a Wall Street Journal article written with Michael Spence in 2015, Kevin Warsh ripped into QE which is one of Bernanke and Yellen's favorite monetary policies.
" Kevin Warsh is explaining the notion that traders feel the Fed and other central banks have the market's back.
This gives the term 'don't fight the Fed' a new meaning because, not only should you avoid shorting when the Fed is positioned dovish, but also you should never position yourself negatively because the Fed will always catch the market if it falls.
The Fed acting in a rogue manner is the culmination of years of policy interventionism into the free market.
The logical extension to the Federal Reserve getting involved in times of crisis, is 'why doesn't the Fed try to prevent anything bad from happening in the financial markets?' The theory on why this experiment isn't a great idea can be analogized as a parent who puts a kid in a bubble preventing him from feeling any pain, preventing him from solving their own basic problems.
Summary Source | FAQ | Feedback | Top keywords: market^#1 Warsh^#2 Fed^#3 Kevin^#4 Trump^#5
Post found in /r/Economics.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
Posted Oct 28, 2017, 9:22 AM UTC