Friday, May 19, 2017

Why the Hell Was Bank of England Governor Mark Carney at the White House Today?

Is the Trump Administration considering replacing Janet Yellen at the Fed with Mark Carney?

That is some of the pretty wild speculation after Carney was spotted at the White House.

A  Bank of England spokesman confirmed that  Carney met with White House economic advisor Gary Cohn today. BUT, it was only confirmed after pictures of Carney walking out of the White House appeared online.

Here's what makes things interesting. According to an NBC correspondent, when specifically asked if he was there for the FBI job, Carney denied it. But when specifically asked if he was there for Yellen's job, he did not respond.

The official explanation from the Bank of England was that he was there in his role as chairman of the Basel-based Financial Stability Board, but he was not on Cohn's official schedule for today.

Carney is a Canadian. He was the Governor of the Bank of Canada from 2008 until 2013, when he then moved to his current post at the Bank of England. 

Carney spent thirteen years with Goldman Sachs. Carney's wife is said to be active in various environment and social justice causes.

Yellen's term as Fed chair ends at the end of January 2018.

President Trump does not appear to date to have any problems with Yellen's money printing style. That would probably change if there was a significant weakness in the stock market. But that is not happening now,

So shelve the wild speculation, the meeting was probably just to ex-Goldman Sachs cronies getting together to plot who knows what?



  1. Who cares about Carney? Who's the hottie in the red skirt?

  2. Carney was appointed by Osborne. When Mrs May became PM she fired Osborne. Carney was one of the establishment voices saying if the people voted for Brexit then the economy would collapse. Its likely Mrs May will fire him after the election.