Recall that former Fed Chair Ben Bernanke commented “Only three opinions matter, the Fed Chair, vice Chair, and President of the New York Fed.”
When it comes to banking regulation, we need to add vice chair of bank supervision.
Biden has will have named three of these four slots but Powell is a holdover.
Is everyone happy?
Author(s): Mike Shedlock
Publication Date: 22 Nov 2021
Publication Site: Mish Talk