#MacroWatchFedChairPick If I had to cast the deciding vote for the next Fed
Chair right now, I’m sticking with the incumbent: Jerome Powell.
Here is the case for the "Pragmatic Centrist"
in today’s environment:
1. The Macro Fit: Credibility is Currency
We are navigating a delicate transition from "fighting inflation" to
"navigating a soft landing." In this phase, the market’s greatest
asset is the Fed's credibility. Powell has earned his stripes by proving the
Fed isn't afraid to break things (inflation) even if it hurts. Swapping him out
now for a purely dovish voice risks un-anchoring inf