Difference is small. We have 7 governors and the chairman was selected from within, no outsider.
Any additional Qs?
There are many business decision to make every day. Many of them are correctable and reversible, no need to sweat over it. The only irreversible decision is Supreme Court. Fed governor and chairman makes little difference in normal times, I think many people can do a good job at Fed
Only if he is publicly and passionately against Prop 10. Watching
I believe there are 3 million people who can be qualified for the Fed job. I member that some African American and Hispanic American groups were protesting against Yellen when she started raising interest rate.
Is Dimon crazy? If 10 year yield goes to 5%, housing will be bad and we may as well sell and buy bonds later. Mortgage rate goes to 8% if 10 year yield goes to 5%. I’ve ARMs and will need to convert to fixed rate ASAP if this guy has any clue.
If 10 year bond yield goes to 5%, can we get a 4% inflation? If inflation is only 3%, I think 5% 10 year bond rate would never come.