Sunday, December 18, 2016

Who Would Kudlow Recommend to Trump to Replace Yellen

Reports circulate that Larry Kudlow may be named by President-elect Donald Trump to head the Council of Economic Advisers.

Scott Sumner writes:
I know what you are all thinking; who will Kudlow recommend as Yellen’s replacement?  It just so happens that Kudlow mentioned 5 names a few years back:

Kevin Warsh, John Taylor, Steve Forbes, Paul Ryan and Richard Fisher.

I’d guess that Warsh and Taylor are the more likely choices.
These aren't anti-Fed people, I would classify them as advocates of slow money pumping rather than no money manipulation.

BTW, Kudlow's list actually contained 6 names. The sixth being Summers himself but he has taken himself off the list and explained why:
[T]he last person has spent the past 12 months using his blog to relentlessly attack Trump in a total unhinged manner.  At this point he has more chance of becoming the next Pope than the next Fed chair.
  -RW

2 comments:

  1. I'm still waiting for the interventionists to locate that magic moment in history where the market failed thereby demonstrating that markets require a shot of external "momentum" such as funny money injections or government spending.

    It's our fault that we do not challenge them on that issue three times a day. I suspect the response would resemble (in form) "the Russians did it". Our opponents are shooting with blanks.

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  2. My personal opinion is that Kudlow is much more of TV personality than he is an economist. I once asked him how much the march of the S&P over the last 30 years was attributable to inflation as opposed to real inflation adjusted increased vale of the index. Answer: Dear in the Headlights.

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