Re: Trump has discussed firing Fed chief after latest interest rate hike: report I TheHill

From: J [[email protected]] Sent: 12/22/2018 3:48:55 PM To: Steve Bannon Subject: Re: Trump has discussed firing Fed chief after latest interest rate hike: report I TheHill One unusual thing about Powell's appointment is that he is a lawyer, not an economist. From Yellen going back to Alan Greenspan, who started as chair in 1987, all Fed chairs have held a Ph.D. in economics. Alan Blinder, an economist at Princeton, has said that a doctorate has become more or less a prerequisite of the job—without one, he told Harvard Business Review, "the Fed's staff will run technical rings around you." While that remains to be seen, it is true that there are over 300 Ph.D. economists on the Fed's staff, and Powell could end up needing to lean on their expertise more than a Fed chair with a doctorate in economics might. On Sat, Dec 22, 2018 at 10:40 AM Steve Bannon <__________________ wrote: Can u get rid of Powell or really get rid of mnuchin On Dec 22, 2018, at 10:35 AM, J <[email protected]> wrote: getting rid of powell much more important than syria /mattis. . I guess pompeo , only one left. . unless ambassador heather has a brilliant idea. - a first. . jared and ivanka, need to go. !!! On Sat, Dec 22, 2018 at 10:31 AM Steve Bannon < > wrote: LMAO Perfect mnuchin hit On Dec 22, 2018, at 9:22 AM, J <[email protected]> wrote: In 1993, Powell began working as a managing director for Bankers Trust, but he quit in 1995 after the bank got into trouble when several customers suffered large losses due to derivatives. He then went back to work for Dillon, Read & he didnt understand the markets 25 years ago. obama appointed him to the board, what else do you guys need to know On Sat, Dec 22, 2018 at 8:21 AM Steve Bannon <111> wrote: https://thehill.com/policy/finance/422577-trump-considering-firing-federal-reserve-chief-after-latest-interest- rate-hike please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by HOUSE OVERSIGHT 029583 return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved HOUSE OVERSIGHT 029584