Barclays: “Significant Change Is Coming To The Fed Over The Next 18 Months”

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies

Following yesterday’s surprise resignation announcement by Obama friend, and Fed “regulatory point man” Daniel Tarullo, which in turn followed last week’s resignation announcement by the Fed’s general counsel Scott Alvarez, and which means that there will be three open governor seats at the Fed (resulting in more Fed presidents, 5, than governors, 4, until the vacant slots are filled), Trump can now populate the Fed board with governors whose views echo his own – especially if strong pro-Clinton supporter and donor, Lael Brainard, is the next to go – even if it is still unclear just what that view is.
Between Trump’s USD-positive proposed trade policies and his USD-negative currency war statements, it remains to be seen if Trump wants a stronger or weaker US currency.

This post was published at Zero Hedge on Feb 11, 2017.