Strongly believes in the independence of the Fed. Does not comment on individuals for the job but says that Pres. should choose someone who strongly believes in the Fed independence.Thinks the person who is nominated should look at the data, consider the economic trends and make decisions that reflect the mandated goals.Keeping the financing costs low is not a mandated goal for the Fed.Cannot recall past selection of the Fed chairs in which candidates came out and expressed opinions about the direction of future monetary policy.Most candidates has made a commitment toward fact-based analysis depending on how the economy performs in light of the mandated goals.Would like to see Treas. Sec Bessent be successful, but have different views. Think a Shadow Fed chair is a very dangerous ideaThe economy is in a good place.
Needless to say nothing surprising in these comments.
This article was written by Greg Michalowski at investinglive.com.
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