Powell spent eight years as a partner at private equity firm Carlyle Group, giving him the private sector bona fides admired by Trump. He is “a bit older, silver-haired, who fits the image of the senior, distinguished Fed chair,” said Ian Katz, an analyst with Capital Alpha Partners.
Who cares if he “fits the image” of a Fed Chair? And the Carlyle Group? A chief node in the Washington/Wall Street nexus?
We are not on fire for any of Trump’s potential Fed nominees. (Not that this is surprising.)