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.


  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.

  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.