David Malpass

Trump Will Own The Next Fed But "All Their Models Are In Ruins"

"Trump will own the Fed... meaning, whatever the president wants monetary policy to be, he’ll get. In other words, Donald Trump will be able to shape the Fed’s majority. But the tricky part is figuring out how he plans to shape it..."

Full Jackson Hole Agenda Released

As expected both Janet Yellen and Mario Draghi are speaking, at 10am and 3pm local ET respectively. What is strange is that while Yellen has only 30 minutes dedicated for her opening remarks, Draghi's luncheon address is a full hour long.

Who Will Trump Pick As Next Fed Chair?

Reinhart discusses possible Federal Reserve appointments under a Trump administration. The front-runner, in his opinion, seems to be John Taylor...

What Will Trump Do About The Fed, The Debt Ceiling, And Trade: His Key Economic Advisor Explains

David Malpass, Donald Trump's economic adviser who has been tasked with overseeing the transition for the Treasury Department and economic policy, addressed a group of economists and reporters in Washington discussing everything from the Fed, to the debt ceiling, to infrastructure spending, to NAFTA and Dodd-Frank, providing an insight in Trump's thinking on these key items. This is what he said.

Why President Trump Will Fumigate The Fed

Trump’s election has given hard money advocates the most hope in over 30 years that our nation’s failed monetary policy will be reformed. Mixed with the current hawkish wave that is already percolating in the veins of some FOMC members, Trump’s future appointments can have a huge impact on the central bank’s immediate decision-making. One can only hope that the president-elect will stick to his guns and do the right thing.

Trump Goes To The White House At 11am To Begin Transition Process

  • 11:00 am: Trump meets with Obama in the Oval Office
  • 12:30 pm: Trump and his vice president-elect, Mike Pence, will meet with House Speaker Paul Ryan for lunch.
  • 2:45 pm: Pence and Biden will hold a closed-press meeting at the White House, the vice president’s office said.

4 Years Later, Fed Critics Explain Why Central Planning Still Doesn't Work

On Nov. 15, 2010, a letter signed by academics, economists and money managers warned that the Federal Reserve's strategy of buying bonds and other securities to reduce interest rates risked "currency debasement and inflation" and could "distort financial markets." As Bloomberg reports, they also said it wouldn't achieve the Fed's objective of promoting employment. Four years later, many members of the group, which includes Seth Klarman of Baupost Group LLC and billionaire Paul Singer of Elliott Management Corp., explain why they stand by the letter's content...

5 Things To Ponder: Random Thoughts Edition

This past week we read some very diverse articles, which, hopefully, will stimulate your grey matter over the weekend as you indulge in melted artifical cheese, processed fillers, and copious amounts of artificial colorings and flavors during the Super Bowl showdown (assuming you did not order any of the party packs). With everybody hoping that someone else is going to pull them out of the quicksand - who is left to do the pulling?