- The facts have changed given the labor data
- The economy is moving along solidly
- Inflation is “sort of” under control.
- We have had $300 billion of deficit cuts in the span of two quarters.
- The deficit is sustainably lower than the last administrationThe fiscal hit is rather substantial
- I was surprised that the FOMC minutes did not address the deficit reduction.
- I do think we need more intellectual diversity on the board.
Although touted as one of the 11, the betting markets have Lindsey at less than 1% for the Fed Chair. That puts him below Judy Shelton who is not one of the 11 who have been touted.
Lindsey was a former Fed Governor. He might have more of a chance as a governor, but not chair.
This article was written by Greg Michalowski at investinglive.com.