Are the potential nominees that different?

The media seems to think that if Yellen is re-nominated as Fed Chair, stocks will skyrocket … but there’s probably not as much difference between potential Chairs as we think.

During a speech last week, Yellen acknowledged that even a little downturn, which would necessitate a few percentage points of easing under “normal” circumstances, could require additional use of “unconventional” monetary policy.  Obviously, this is true … if your main weapon is to lower rates, and rates are near zero, you have to find another weapon.

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Predicting the next Chair

Predict It – Federal Reserve Chair Predictions

The Trump administration has indicated that they will select a Federal Reserve Chair within the month.  Below is the Predict It prediction market for the top 6 candidates.  Over the next couple of days, I’ll give an outline of each candidate … hopefully before the nomination.

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