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Meet Kevin Warsh, the man Trump may tap to wreck the American economy

MrRufflesMrRuffles
in Off-Topic
Back in the younger and more innocent days of January, 2006, then-President George W. Bush decided to appoint a nice-looking and well-off young man named Kevin Warsh to a seat on the Federal Reserve Board of Governors that he had no apparent qualification for.

And now, having acquired a resume that leaves him superficially qualified for the job, Warsh has landed on Donald Trump’s short list to be the next chair of the Federal Reserve when Janet Yellen’s term expires next year. And, frankly, he’d be the perfect Trumpian choice — he’s rich, rich people like him, congressional Republicans like him, he stands by Trump when Trump says morally outrageous things, and he doesn’t have a lot of time for self-reflection or accurate information about public policy.
https://vox.com/policy-and-politics/2017/10/6/16428674/kevin-warsh-fed

Comments

  • Mitchelg
    Has to be better than Yellen who has destroyed the savings class. Look at Treasuries, CD’s and investment bonds. Crap yields.
  • MarkMark
    Really Mitchel? In three years she managed to do all that all on her own? Wow!
  • hank
    edited October 2017
    Of course, the nice thing about Trump’s appointments - none of them lasts very long.
  • expatsp
    I think if he appoints Warsh, the markets might finally sell off. Up to now, his main economic appointments have been smart guys with some kind of qualification for their jobs. Warsh would put an end to the "adults are taking care of business, don't worry about Trump, he's just throwing red meat to the base" narrative. Would be a good excuse to take profits.
  • davidrmorandavidrmoran
    >> his main economic appointments have been smart guys with some kind of qualification for their jobs

    nah, not really, but yeah, Warsh would be further serious beclowning
  • Sven
    Warsh would be further serious beclowning
    Great one! The man is simply not qualified for the job. Janet Yellen inherited all the issues from Ben Benerake and Alan Greenspan during the Bush administration.
  • Flack
    Wow!
    You guys are AMAZING!
    You must be real economists!
  • davidrmorandavidrmoran
    nah, just smart enough to read same
  • hank
    edited October 2017
    Just listened to Charles Evans on Bloomberg. He makes eminently good sense.
    Barron’s story: http://www.barrons.com/articles/feds-evans-is-nervous-about-low-inflation-1507727677

    I believe Trump could raise his approval ratings by 10 points by appointing Evans to the Chairmanship when / if Yellen retires.

    Do you suppose he reads this board?
  • davidrmorandavidrmoran
    For sure he is better-regarded than the clown prospects, but note that he has been fretting this same worry for several years now.
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