“Politicians are never so bad that you don't live to want them back."
"You laugh, you young people, but you're going to live to wish that Donald Trump and Nancy Pelosi were immortal."
- Charlie Munger. 2019
Kevin Warsh was a great choice
We who have been engaged with policy makers and markets for a long time know him and respect him for his capabilities and his judgement. He is knowledgeable and a reasonable man who understands the risks of having a Fed policy that is too easy as well as too tight and how to judge what's too easy and what's too tight. Presumably, he also knows how to deal with the president and the Treasury well.