Federal Reserve Chair Jerome Powell’s wild ride with President Trump took a few turns down Crazy Street a while ago, of course – but that doesn’t mean the stomach-churning trip is over.
While Wall Street grapples with the president’s threats to fire the central bank’s boss, the rumor mill surrounding his possible successor has yielded a dizzying surprise of its own, On The Money has learned.
Bill Pulte, the current head of the Federal Housing Finance Authority that runs mortgage giants Fannie Mae and Freddie Mac, has lately surfaced as a possible pick alongside the “two Kevins” – Kevin Hassett, director of the National Economic Council; and Kevin Warsh, a Stanford professor and fellow at the right-leaning Hoover Institute.
While Wall Street grapples with the president’s threats to fire the central bank’s boss, the rumor mill surrounding his possible successor has yielded a dizzying surprise of its own. From left Bill Pulte, Kevin Warsh and Kevin