The Bubble Killer Has Withdrawn His Name From Consideration as Federal Reserve Vice-Chairman

This is big.

CNBC is reporting that Larry Lindsey has withdrawn from consideration to be chosen as Federal Reserve vice chairman.

As I have reported at EPJ previously, Lindsey is a bubble buster and would have been a major influence toward aggressive rate hikes by the Federal Reserve. With him as vice-president, the current Fed-created economic boom would have ended sooner rather than later.

The now apparent top candidate for the vice-chairmanship is San Francisco Fed president John Williams, who is in favor of mad money printing, the direct opposite policy perspective of Lindsey.

   -RW