Monday, September 25, 2017

Shortlist Compiled of Possible Fed Chairman Candidates (All Keynesians)

The White House has created a list of about a half-dozen candidates to be the next leader of the Federal Reserve, including its current chair, Janet L. Yellen, and the president’s chief economic adviser, Gary D. Cohn, reports The New York Times.

The list also includes Jerome H. Powell, a member of the Fed’s board of governors; Kevin Warsh, a former Fed governor; and the Stanford University economist John B. Taylor.

The group should be generally considered
conservative Keynesian.

Cohn's monetary policy is not publicly known but the rest are clearly all Keynesians of one sort or another who believe there is a role for central banks to manipulate (mostly print) money supply to match "aggregate demand" trends.

Cohn may be an even more aggressive money printer.

The Fed is not going to end during the Trump presidency.


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