According to Politico:
On Wednesday, one top [Morning Money] source who talks regularly to President Trump said the only finalists are Jay Powell and John Taylor and the question is just which one gets it. This person said Janet Yellen is out as is Kevin Warsh. Gary Cohn, as we’ve reported, has been out of it for weeks now. But…
We’ve discussed Jay Powell here before as “a full endorsement of the status quo in terms of monetary policy.” John Taylor, of course, is founder of the Taylor Rule, which is highly overrated and has been dissected here and here.
Other candidates, remain of course, but as Ron Paul noted earlier this week, everything we’re looking at is just more of the same.
