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Opinion: Trump Worried New Fed Chair May Stab Him in the Back, No Longer Under His Thumb After Taking Office
BlockBeats News, January 22nd. Wall Street Journal reporter Nick Timiraos, also known as the "Fed Whisperer," wrote that in his speech at Davos, Trump revealed his views on the Fed chairmanship and exposed his deep-seated anxiety: Candidates will say what Trump wants to hear during the interview, but once in office, they will revert to their true selves.
Trump's exact words were: I will soon announce the new Fed chair nominee. Everyone interviewed is excellent. The problem is, once they are in office, they change, indeed they do. They say what I want to hear, and then once in office for their 6-year term, they suddenly say, "Let's raise interest rates a bit." I call them, "Sir, we don't want to talk about this." It's really surprising how much a person can change once they have a job. It's somewhat disloyal, very unfortunate, but they must do what they think is right. Our current Fed chair is a disaster, Jerome "Late" Powell. He is always slow, especially on interest rate issues, he is particularly dull. However, he was quite suitable for the other camp before the election. So we are about to welcome an outstanding nominee, hoping he is up to the task.
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