Friday, September 29, 2017

Trump Considering Bilderberg Crony to Head the Federal Reserve

Kevin Warsh, arriving as a Bilderberg meeting.
The Wall Street Journal is reporting that President Donald Trump and Treasury Secretary Steven Mnuchin met with former Federal Reserve governor Kevin Warsh on Thursday to discuss his potential nomination as the next Fed chairman.

If Trump is looking for a crony Wall Street establishment insider to head the Fed, Warsh is his man.

From 2002 to 2006, Warsh was a member of

the Plunge Protection Team

During and in the aftermath of the 2008 financial crisis, Warsh was a governor of the Federal Reserve System, and acted as the Fed's primary liaison to crony Wall Street.

On September 20, 2008, for example, get this. he was granted a waiver to deal with his former employer Morgan Stanley. The next day Morgan Stanley was converted into a bank holding company in order to access Federal Reserve loans, in effect saving the firm

 He is currently a visiting fellow at Stanford University's Hoover Institution, a member of the Group of Thirty, and a former steering committee member of the Bilderberg Group.

All this said, he does appear to be a conservative money printer but a money printer none the less.

And, of note,  in 2002, Warsh married Jane Lauder, a granddaughter and heiress of Estée Lauder and long-time employee of the family business, the Estée Lauder company.

Warsh's father-in-law,  Ron Lauder grew up with President Trump and they remain close.

According to WSJ, Lauder, has been pushing the White House to have the president name his son-in-law to the central bank’s highest post, said people familiar with those conversations.



Paul Krugman on Warsh:


The compromise position:

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