White House on the Fed decision
- Trump was most comfortable with Powell
- Powell to bring some continuity
- Trump had no problem with Yellen
- Trump didn’t talk rates with Fed candidates
- Trump respects Fed’s independence
Larry Kudlow on CNBC said he’s a friend of John Taylor and that Taylor would take the job as vice-chair if asked, although not enthusiastically.
As for that spike in the euro, it looks like someone forgot to turn off the Powell algo.