Warsh, Cohn and Yellen are out
We’re going to have a new Fed chair, which is great because I’ve had enough of Yellen.
Politico reports that both Yellen and Warsh are out of the running. Here’s the story.
It doesn’t come as a surprise that the final decision is down to Powell and Taylor. Trump has hinted that one could be the vice-chair as well.
On top of that, the story said there might be others in the race besides Powell and Taylor, because Trump changes his mind every day.
Part of the reason that Warsh may have been shown the door is a feud with new Governor Randal Quarles, something Bloomberg reported on yesterday.