"Broader Risk Feels Heavy": Goldman Delta-One Desk-Head Warns

With the pick of Kevin Warsh as the next Fed Chair, Goldman's Delta-One desk-head Rich Privorotsky believes Trump has "put questions around Fed independence largely to bed," noting that:

"The big asset the US system has is the USD system, and without a credible central bank that would eventually fracture. You have to ask why the pendulum is swinging toward Warsh now."