-
Fed Chair Apprentice
From stayathomemacro.substack.com
Tuesday, April 21, is a day Kevin Warsh has long awaited: his Senate confirmation hearing for Fed Chair. He lost out on Trump’s nomination to Jay Powell eight years ago. This time, he won the nod and is on track to replace Powell next month. Or is he? At his hearing, Warsh must maintain his support among Republican Senators, avoid rattling financial markets, and convince President Trump to pull the plug on the Department of Justice’s criminal investigation of Powell. Otherwise, Fed Chair could slip through Warsh’s fingers once again. There’s nothing normal about this season of Fed Chair Apprentice, and it is ... (full story)