Thursday, October 19, 2017

WHO WILL BE THE NEXT CHAIRMAN OF THE FEDERAL RESERVE?

A few weeks ago the favourite was Zionist Bilderberger Kevin Warsh who was the liaison between the Federal Reserve and Wall Street during the financial crisis ten years ago.

But he seems to have fallen out of favour and the current favourite is Jerome Powell.



Bonesman Mnuchin is strongly pushing Powell to Trump.

Treasury Secretary Steven Mnuchin is strongly pushing for the White House to name Jerome Powell as the next chair of the Federal Reserve, the most powerful economic job in the U.S. government, according to three people close to the selection process.

[source : Mnuchin pushing Trump to pick Jerome Powell for Fed, Politico, http://www.politico.com/story/2017/10/11/jerome-powell-federal-reserve-chair-243679, 11th October 2017]

Powell is sceptical of regulation of Wall Street.

“There is certainly a role for regulation, but regulation should always take into account the impact that it has on markets, a balance that must be constantly weighed,” he added. “More regulation is not the best answer to every problem.”

[source : Fed's Powell says more U.S. regulation not always the answer, Reuters, https://www.reuters.com/article/us-fed-powell/feds-powell-says-more-u-s-regulation-not-always-the-answer-idUSKBN1CA1KA, 5th October 2017]

Powell's scepticism of regulation would satisfy Trump who wants to unleash Wall Street.

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