Carol Roth
๐ค SpeakerAppearances Over Time
Podcast Appearances
political, if that is actually what's happening, which is sort of unclear that that's actually what is happening.
But I think if you're going to go after the Fed for anything, the absolute cavalier
nature of the fact that they have hurt affordability for Americans.
They've made housing unaffordable.
They've helped enable our tremendous debt.
There are so many things that we can go after the Fed for that, you know, the cost on a renovation that's not being funded by taxpayers directly seems strange unless, again, very, very, you know, 4D chess here.
Maybe it's a way to open up an audit.
Maybe it's a way to actually get to something else by coming in through this route.
OK, so this is huge breaking news.
Per CNBC, the president made comments today and the front runner for the position was Trump's top economic advisor, a different Kevin, Kevin Hassett, that we all know had the director of the National Economic Council.
Now Trump is saying, well, you know, Kevin, I really like to keep you in this place, which made everyone go, oh, Kevin, you know, Hassett's not the top pick.
It's Kevin Warsh.
And the concern with Hassett is that he's too tied into the administration, that he would be sort of a wonky economist that's doing Trump's bidding.
Kevin Warsh is somebody who is a former Wall Street guy, former M&A banker that went into politics.
He was appointed to the Board of Governors of the Fed by George W. Bush.
And so he has that experience, but he also is sort of a liaison.
So during the Great Recession financial crisis, he was the one who was liaising between the Fed and the banks and the White House and creating that.
So he's seen, even though he's somebody who wants to lower interest rates and he's aligned with a lot of the
Yeah, I don't like that.
Yeah, I know the market will like that.