Ex-Goldman Banker Taking Over The Fed? Mark Carney Spotted At The White House
by Tyler Durden
ZeroHedge.com
May 19, 2017
Now that Trump finally figured out he needs lower interest rates to preserve the debt-funded “growth” of the US and prevent the $20 trillion in government debt from spontaneously combusting (as higher rates lead to higher interest outlays, resulting in even more debt and so on)…
… speculation about who may replace Janet Yellen has faded despite her term ending in 2018.
Or maybe it hasn’t, because in an unscheduled meeting, NBC reporter Hans Nichols tweeted on Friday that “Spotted at WH: Mark Carney, governor of the Bank of England. Denied being here for FBI job. But Yellen’s?”
Nichols included a picture of Carney walking the big white building and he’s citing a Bloomberg correspondent. Bloomberg says that Carney met with National Economic Council Director Gary Cohn in Washington on Friday.
The visit was confirmed by a BoE spokesman but given that there was no prior market notice that Carney would be making a visit, the reports are prompting investor conversation, while Bloomberg adds that Carney is in quiet period to speak for press ahead of the UK election on June 8.
Why would the former head of the Bank of Canada, the current head of the Bank of England, and former Goldman partner be at the White House? One guess which is making the rounds: he is preparing for the historic central banking hat trick of having run the central banks of Canada, the UK and soon, the US. As Nichols adds, “Carney just left WH and didn’t DENY that he was interviewing for Yellen’s job. DIRECTLY ASKED”
The Rest…HERE
