Aaron Klein

I think it's a choice that any Republican president could have made. It's a very inside the box standard choice. Somebody who has experience at the central bank, who's been a leading academic, who's voiced a lot of what would be considered historically conservative viewpoints. So I think it's a very fine and reasonable choice. In the world of Trump, things that make sense are wins.

You know how somebody is going to do once they get the job is the big open question of all of the finalists. Warsh was among the people that I think would be less pliable and more committed to the Federal Reserve's long term goals. But it's hard to know until you actually have the.

pressure in the spotlight of the Federal Reserve. Look, Jay Powell at one point convinced Trump that he would go along and get along. And that clearly backfired from Trump's point of view and was a massive success for those of us who believe in an independent central bank.

How close is Kevin Walsh to President Trump? And I'm thinking about his father-in-law here. So his father-in-law is very close. His father-in-law, Ron Lauder, has known Trump for an extremely long time. They go back a very long way in the New York world. Kevin himself was from New York, but was from more upstate. So they have a long family relationship.

and a very close one between his father-in-law and the president. There aren't so many people that have known Trump longer than Lauder.

Does Kevin Walsh believe in the Fed's independence from the government, do you think? Let me be clear, the Fed needs to be independent from the president of the United States. I think too many people at the Federal Reserve believe it's independent from the government, which would be a mistake. The Federal Reserve needs to do a better job of respecting the law. They can do that while also resisting political pressure to set interest rates. In his heart, he absolutely believes...

Kyllä. Trumpilla on pääekonomista, joka asuu Fedissä, jolloin hän on edelleen White House-opettaja, jossa hän ei ole olemassa. Ja muun muassa, muutamia republikaaneja, joilla on huomioitu, että presidentin politisaatio Justice Departmentin keskustelua Fedin puheenjohtajana Powellista,

It's the argument they're using to try to hide the fact that they are just trying to take away consumer choice and stop competition.

It's the argument they're using to try to hide the fact that they are just trying to take away consumer choice and stop competition.

They don't want to offer consumers more money on their deposits at the bank.

They don't want to offer consumers more money on their deposits at the bank.