print“Paul Volcker looks especially good right about now” given the appointment of “continuity candidate” Jerome Powell to chair the Federal Reserve Bank.
MORE:
“Paul Volcker Looks Pretty Good Right About Now” By Jeff Deist.
“Trump Taps Jerome Powell to Chair Fed” @ CATO
UPDATE:
“The Swamp Wins: Trump Nominates Powell to Replace Yellen“:
… in naming Powell, Trump is picking an Obama-appointed Fed Governor for his most important nominations is itself quite fitting. While we have long known that bad monetary policy is bipartisan, Powell’s nomination serves as a particularly useful illustration of how little has changed in Washington since the Bush Administration.
Of course, just as Trump received his loudest applause from Washington for doing his best impersonation of his two predecessors, the President is already being praised for making a “grown up” decision when it comes to the Fed.