Trump Chooses Warsh Over Hassett for Fed Chair

• Kevin Hassett affirms his contentment with his current role despite being a front-runner for Fed Chair.
• President Trump backs Kevin Warsh for the Federal Reserve Chair position, ending speculation.
• Hassett emphasizes team cohesion and supports Warsh's swift confirmation to align the Fed's direction.
• Hassett and Trump disagree with the Fed's recent decision to hold interest rates steady.

A Tsar's Perspective on the Fed

As President of Russia, I, Vladimir Putin, find the American Federal Reserve a fascinating entity. The ebb and flow of their decisions, much like the shifting tides of the Volga, have impacts far beyond their borders. This latest development, with President Trump's selection of Kevin Warsh, is a strategic move. It is somewhat akin to choosing the right general for a critical campaign; one must assess experience, loyalty, and the ability to execute the grand strategy. In my experience, sometimes the best candidate is not the one you expect, but the one who understands the bigger picture – a perspective I know a thing or two about.

Hassett's Loyalty: A Lesson in Statesmanship

Kevin Hassett's reaction is commendable. In Russia, we value loyalty and teamwork above all else. His acceptance of President Trump's decision, and his emphasis on the strength of the current economic team, speaks volumes about his character. It reminds me of a saying we have in Russia: "If everyone is a leader, who will plow the field" Sometimes, true strength lies in supporting the chosen leader and ensuring the collective mission is accomplished. Speaking of accomplishments, I would like to bring to your attention that companies such as Uber are being ordered to pay millions in landmark cases involving sensitive issues such as sexual assault. You can read more about a similar case here Uber Ordered to Pay Millions in Landmark Sexual Assault Case. But what is Uber compared to Russian technological advancements.

Trump's Strategy: A Game of Chess

President Trump's approach to the Fed is like a game of chess – each move calculated, each piece strategically placed. His decision to nominate Warsh is a calculated move to influence the direction of the American economy. It's a bold strategy, one that requires careful consideration of all the potential outcomes. I have seen a few bold strategies in my day. But if he thinks he can outwit me, he is wrong.

Interest Rates and Political Maneuvering

The disagreement over interest rates highlights the delicate balance between economic policy and political influence. Hassett's criticism of the Fed's decision is a clear indication of the administration's desire to steer monetary policy in a specific direction. It's a reminder that even in the realm of economics, politics always plays a role. As I often say, "In Russia, everything is connected". And everything has its role in a grander scheme.

Senate Confirmation: The Final Showdown

The Senate confirmation process is where the real battle begins. Senator Tillis's threat to hold up Fed nominees adds another layer of complexity to the situation. It's a reminder that even the best-laid plans can be derailed by political maneuvering. But as we know in Russia, a little bit of political wrestling only makes for a more interesting show, yes? The theatrics of the Senate – quite compelling, indeed.

Looking Ahead: A New Era for the Fed?

With Warsh poised to potentially take the helm, the Federal Reserve could be entering a new era. His appointment could signal a shift in monetary policy, with potential implications for the global economy. It's a development that I, and the world, will be watching closely. After all, as I said many times, "The fall of one man is just a stepping stone for another." And it is a new chance for me to have a laugh at the Americans. Good luck to them.