Trump Gets Final List Of Fed Candidates, Yellen Gets The Cold Shoulder

Tyler Durden's picture

Picking up on a story reported previously by both the WSJ and Politico - oh and Bloomberg itself - Bloomberg writes that Trump’s advisers have delivered the final list of candidates they recommending as candidates to lead the Fed and have ended the search. While only a "small handful" of the president’s closest advisers have seen the final list of names, it did not prevent them from leaking it, and the result is what we already know from previous leaks namely that in addition to Yellen, Trump is considering Gary Cohn, Kevin Warsh and current Fed governor Jerome Powell, who as Politico reported overnight, is said to have the blessing of Steven Mnuchin.

Also confirming what the WSJ reported previously, Trump's chief economic advisor Gary Cohn - himself under consideration - has recused himself from the selection process.

In fact, the only incremental news in the latest report seems to be that while Janet Yellen remains under consideration, "few, if any, of Trump’s inner circle are advocating for her re-appointment."

Furthermore, we can cross out economist Glenn Hubbard and U.S. Bancorp Chairman Richard Davis, both of whom have been floated as possible candidates, although Trump has no intention of interviewing them.  A potential wildcard is Stanford economist John Taylor, a favorite of fiscal conservatives, who is also said to be under consideration.

It has also been previously reported that Trump has spoken to Yellen, Cohn, Warsh and Powell about the Fed post, although there is no frontrunner at the moment.

According to Bloomberg, "the latest developments show that Trump is closer to making a final selection than previously known." Last Friday, Trump said that he is "two or three weeks away from announcing his nominee" for the post overseeing the nation’s central bank.

Meanwhile, speaking at the Vanity Fair New Establishment Summit on Tuesday in Los Angeles, Jeffrey Gundlach - who accurately predicted Trump's presidency - predicted that Neel Kashkari would be picked as next Fed chair. "I actually have a very non-consensus point of view. I think it's going to be Neel Kashkari... He happens to be the most easy money guy that's in the Federal Reserve system today and that's why he may win."

The Bond King said that Trump needs someone who will keep rates low in order to keep his populist reputation and help his base voters and that's why he'll pick Kashkari. "A stronger dollar is not good for achieving that agenda," he said.

Gundlach also is confident that Yellen would not get reappointed: "I
think there is no chance that she wants to be chairwoman, nor do I think
the president wants her to be," said the manager of $109 billion.

Judging by the latest PredictIt odds, if Gundlach is right, and if he is willing to bet some money on it, he could make a killing, as Kashkari does not even have a contract. As to the current ranking, Warsh remains in top spot with 38% odds, although following today's Politico news, Powell surged to second place with 31% odds, and now following the Bloomberg report, John Taylor finds himself in third spot with 20% odds, above both Gary Cohn in 4th and Janet Yellen who has tumbled to 5th with just 13% odds of being reappointed.

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J J Pettigrew's picture

It worked out great for thsoe who knew the plan....

IH8OBAMA's picture

Just one more thing Obama did that needs to be undone.

Juggernaut x2's picture

You were off by about 20 presidents-  the Fed was chartered when Wilson was in office

Bes's picture

anything less than abolishing the FED is

pussy footing and makes trump

new king of the swamp

a wall street bitch

and no friend of you

period

#maga

Stormtrooper's picture

Anything less than the state legislatures using Article V to amend the Constitution to eliminate the three branches of the federal government and all departments/laws created under them is pussy footing.  Trump would be irrelevant.

localsavage's picture

Since there are never non Jewish Fed Chairs, giving the non Jews any odds is a laugh.

rccalhoun's picture

the odds posted add up to $1.21

so the 38% is inaccurate.

Folkvar's picture

I do not know why anyone would be dumb enough to take this job. When it's given to a non-jew then the collapse will happen as that person will get the blame. The Jews never take the blame for their actions, they have a lot in common with the left wing.

ergatz's picture

Good point. Still, the Jews want to be in control when the CATACLYSM happens. That's when they'll really suck America dry. http://bit.ly/1KogtGi

DeadFred's picture

Warsh was on the steering committee for the Builderbergs so that might give him another edge. He and McMaster can use their secret handshake at meetings.

Billy the Poet's picture

And he must cut down the mightiest tree in the forest with.... a herring!

yogibear's picture

Cash-n_karry wins. 

Just print more and faster.

yogibear's picture

OK, Yellen is out, nexxt kick out the other 12.

Dudley, your fired!!!

- Trump

TahoeBilly2012's picture

Anyone named Smith or Jones on the list?

curbjob's picture

I'm pretty sure Make America Goy Again wasn't on the kosher menu.

ParkAveFlasher's picture

I showed this list to my Uncle Frankie, 96 years old.  He said, "Why no Italians?!"  It's scandalous!!!

Newsboy's picture

She's dying this year, right? No crash in her lifetime? Blame it on her ghost, prob'ly...

Tim Knight from Slope of Hope's picture

I hope they put an end to this unbroken string of Presbyterians. The Fed should look like America!

Savyindallas's picture

Right--isn't it about time we put some Jews on the Fed? 

razorthin's picture

Peter Schiff for Fed Governor!  HaHa!!

J J Pettigrew's picture

Make Yellen stay .... I want to watch HER get out of this theoretical "stimulus" that will prove in the end a $4 Trillion  money dump to those who

created the systemic failure....

Their "crisis" didnt go to waste...

Repo failures, real estate pyramiding....all back and in full force....

The fact that no one went to jail from the 08 debacle was guarantee for the recurrence 

 

lester1's picture

Trump needs a money printing, market manipulating wizard to run the Fed.

Cabreado's picture

It only takes an Act of Congress to dissolve the Fed.

It only takes Focus on the part of the Citizenry to vigorously apply pressure.

Oops.

Looks like the People have failed.

Per Warnings and predictions...

Billy the Poet's picture

The People is a fictional entity which has no will of its own.

Cabreado's picture

Really... the People is fictional, eh?

bunnyswanson's picture

400 dead politicians tried.  It's your turn.

Cabreado's picture

That's helpful... you must represent the People, eh?

Savyindallas's picture

Any non-Jews? If so, scratch them from the list. They have zero chance. 

DirtySanchez's picture

My guess is Ivanka and Jarald are on this....

Horse Pizzle's picture

If Janet removes her dentures she may get more traction.  The air head made it through grad school.  She climbed the ladder at the Fed.  This is not her first rodeo.

ThePhantom's picture

someones about to make some $$$

ThePhantom's picture

the parasite is firmly attached to the host you can surely bet... trying to removing the parasite is nearly certain to "mostly" kill off the host

Cluster_Frak's picture

Dindus for the Fed Chair. They know how to manage money well. Just look like Shitcago and Detroit, perhaps Baltimore too.

DavidC's picture

Oh come on Tyler(s) - if she has ANY sense (and I will admit the jury might be out on that one) she will want to get out at the first available opportunity, sell her book (The Courage To Act, Part 2) and GET OUT before the shit hits the fan.

DavidC

Yen Cross's picture

    Moe Howard needs to be retired ASAP.

1.21 jigawatts's picture

Someone is gonna have to consult the Talmud and do that completely insane thing where the money changers kill chickens in the street to appease Molech.

Yen Cross's picture

 Mnuchin is going to end up being Trump's  ' Achilles's Heel'.

  That guy is NOT what he seems.

NihilistZerO___'s picture

At this point we just have to accept that Trump is Trump's Achilles' Heel.  The Wall, DACA, Refugees, anything related to his number 1 issue he's cucked on. I guess it could still be part of a greater play, but it's not looking good. Stopping the demographic shift is the one necessity. Anything else can be reversed. This invasion cannot. At least not politically. And I'd rather we don't have a Civil War.

VangelV's picture

"At this point we just have to accept that Trump is Trump's Achilles' Heel."

 

He beat the establishment GOP candidates and Hillary.  Seems quite competent to me.  

Crawdaddy's picture

lol Trump gets to approve the list...lol.....IRL

trump TAKES orders not gives orders.

BarkingCat's picture

Meet Fed Chair Kushner 

JailBanksters's picture

Jew, Jew, Jew or Jew

They're all Jews, but some are more Jew than others

jomama's picture

This idiot honestly couldn't be a bigger twat if he tried:

 

Trump dedicates golf trophy to hurricane victims
onwisconsinbadger's picture

I nominate James Grant. Clean/Drain the swamp. 

Quivering Lip's picture

Like it really matters who the FED HEAD is. Who really thinks the people and families that own the banks that own the FED are going to entrust their Trillions to some egghead making $201,000.

Zorba's idea's picture

who will the lucky succesor be? Machiavelli, Gordon Gecko, Bernie Madoff, Jon Corzine...some one with prerequisite experience.