Trump likely to name Jerome Powell as next Fed Chairman
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  Trump likely to name Jerome Powell as next Fed Chairman		 « previous next »
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Author Topic: Trump likely to name Jerome Powell as next Fed Chairman  (Read 1320 times)
The Other Castro
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« on: October 29, 2017, 05:31:48 PM »
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http://www.foxbusiness.com/features/2017/10/28/trump-likely-to-name-jerome-powell-next-fed-chairman-update.html
https://www.wsj.com/articles/trump-likely-to-name-jerome-powell-next-fed-chairmansource-1509206817

It looked like it was down to Powell or Taylor, so all I can say is at least he's probably not going with Taylor. Unfortunate for Yellen though.
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Person Man
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« Reply #1 on: October 29, 2017, 05:37:47 PM »
How are Powell and Taylor different?
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The Other Castro
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« Reply #2 on: October 29, 2017, 05:44:09 PM »

Apparently Powell generally supports Yellen's moves and is a good choice for continuity, while Taylor is a more conservative pick and is against action on stimulus. Also, Powell was appointed by Obama to the board, so there is some bipartisan support behind him.

https://www.nytimes.com/2017/10/24/us/politics/trump-fed-powell-taylor-yellen.html
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Person Man
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« Reply #3 on: October 29, 2017, 05:45:31 PM »
Quote from: Castro on October 29, 2017, 05:44:09 PM

Apparently Powell generally supports Yellen's moves and is a good choice for continuity, while Taylor is a more conservative pick and is against action on stimulus. Also, Powell was appointed by Obama to the board, so there is some bipartisan support behind him.

https://www.nytimes.com/2017/10/24/us/politics/trump-fed-powell-taylor-yellen.html

So Powell is either a Moderate Republican or a Democrat and Taylor is more of a Conservative Republican Hawk?
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Dr Oz Lost Party!
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« Reply #4 on: October 29, 2017, 06:25:30 PM »
« Edited: October 29, 2017, 08:41:12 PM by PittsburghSteel »
Sad to see Yellin go...

Edit: Looks like his nominee wont be as atrocious as the rest of his recruits. I'm pleasantly surprised.
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Green Line
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« Reply #5 on: October 29, 2017, 07:18:54 PM »
Acceptable.
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Frodo
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« Reply #6 on: October 29, 2017, 08:51:14 PM »
I'd rather Trump have kept Janet Yellen on another four years, but Jerome Powell is a perfectly acceptable alternative.  Knowing Trump, he can definitely do worse...   
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Beet
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« Reply #7 on: October 29, 2017, 08:55:53 PM »
Janet Yellin has done a good job, and is probably more responsible for the stock market Trump likes to take credit for, than Trump himself.
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Absentee Voting Ghost of Ruin
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« Reply #8 on: October 29, 2017, 10:12:07 PM »
Quote from: PittsburghSteel on October 29, 2017, 06:25:30 PM
Sad to see Yellin go...

Edit: Looks like his nominee wont be as atrocious as the rest of his recruits. I'm pleasantly surprised.

Which makes me wonder how much, if anything, he had to do with the decision.
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Kamala
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« Reply #9 on: October 29, 2017, 10:12:51 PM »
So... does this mean.... Yellen 2020?
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MAINEiac4434
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« Reply #10 on: October 29, 2017, 10:19:36 PM »
I'm With Her
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