Federal Reserve Whisper Network Recaps Powell's Four Key Moments

BlockBeats News, May 23rd, in a post by the "Fed Whisperer" Nick Timiraos, it was mentioned that Kevin Wash had several key moments during his swearing-in ceremony at the White House:

· Trump asked Wash to be "entirely independent," saying, "(He hopes) he won't look at me or anyone else."

· Just two minutes later, Trump offered some "suggestions" on the economic direction he would like to see, "Strong economic growth doesn't need to be cooled down," "Economic growth does not mean inflation," "He hopes for economic prosperity to reach unprecedented levels because there is indeed some debt to deal with."

· Trump hinted at a "convergence" among the Fed's decision-makers. He said that other Fed policymakers "will make their decisions, but they will listen to Kevin's opinions throughout," even those who are "slightly different in their positions."

· Wash mentioned Greenspan, not Bernanke. Wash, looking back in history, referenced the scene where Greenspan was sworn in at the White House in 1987, pledging to "work with abundant energy and a sense of mission, just like Chairman Greenspan." He did not mention Ben Bernanke, the former chairman he had worked with for five years during his previous tenure as a board member.