Jay Powell is a better fed chair than bernanke or yellen.

[Anonymous]

Anonymous wrote:I find him not as scholarly as Bernake or Yellan. But meh, he’s ok. I say this as someone who has a family member who sat on the Kansas City Fed.

But any credentials yourself? Plus, the Federal Reserve Act was/is kind of a joke with respect to the selection of district bank presidents. See eg Neel Kashkari.

[Anonymous]

Anonymous wrote:It's easy to be great when you can put trillions into the economy and never worry about inflation.

Bernanke, Yellen, and Powell are all OK, but like I said it's not hard to flood the economy with money.

Greenspan opined on a lot of things that turned out to be wrong, and one of them was fundamental to the job: the idea that markets self-regulate.

Volker was the real deal. He had to crush inflation during high unemployment. The rest of these guys are just praying they never run into that situation, ever.

Volcker had only one way to go which was to raise rates. He was not genius.

He also worked very hard to overload the authority of the FRB leading to many of the problems in the run up to the financial crisis. He was a classic institutionalist with a rigid mind.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Bumping to give my guy his flowers.

The most powerful man in town since 2018.

If Biden doesn’t te-nominate due to woke pressures, he’s confirming that he’ll be a one term president

What would be wrong with Lael Brainard? She would be an amazing pick, and her policy would be very mainstream. Not woke, whatever that means.

She will be Vice Chair of Supervision, once Quarles’s Vice Chair term ends this fall.

She won’t be Chair.

Why should Lael Brainard take vice chair for supervision? Vice chair of the Board (more generally) is more prestigious, especially for an economist like her. The term as governor for the current occupant, Richard Clarida, ends in January, so vice chair for the Board opens soon.

Agree it woulld take an awful lot to dislodge Powell as chair, although Brainard is well-qualified.

Brainard is not a monetary economist, she’s a foreign aid/trade economist. The Vice Chair is usually a monetary expert and needs to counterweight the President of FRBNY in the FOMC meetings. Especially when you have Powell, who is a lawyer & ex-banker.

You are all wrong. Raphael Bostic is the likely VC for Supervision and CC Rouse has the inside track to replace Powell.

[Anonymous]

[Anonymous]

Anonymous wrote:

I really think she had a better shot at being Treasury Sec that Chair of FRB but she is clearly making her case.

[Anonymous]

LB is getting interviewed for fed chair.

Biden is a moron.

[Anonymous]

Frontline did a great show on the Fed. Wall Street is too powerful.

[Anonymous]

I think Brainard would be a great Fed Chair. Biden is in a no-lose here, either would manage the situation well.

[Anonymous]

Absolutely. Powell has done an AWESOME job. Pretty much everyone in the business community agrees, and even many democrats have lauded the job he has done. He's a steady ship that communicates very well. Way better than Greenspan. Way better than Bernanke. Way better than Yellen.

It would be an epic mistake by Biden to replace him. He's been the best one since Volcker.

[Anonymous]

Anonymous wrote:Why?

Do you live under a rock? Did you not see the bazooka the Fed unleashed on COVID? Powell did a tremendous and rapid job to keep the global economy from crashing.

[Anonymous]

Pop bottles for my main homey!!!!!!!

Brrrrrrrr

[Anonymous]

Powell is going down as the one of the greatest public servants of the last half century.

They will be writing books about him for a century to come.

[Anonymous]

Thank God common sense over the far left heavy mouth breathers has prevailed.

[Anonymous]

Anonymous wrote:Powell is going down as the one of the greatest public servants of the last half century.

They will be writing books about him for a century to come.

+1000

[Anonymous]

A sane Republican Party would try to nominate powell for president in 2024

Dude has everything going for him

He reminds me of Eisenhower