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Albert Edwards "Fed Is A Slave To The S&P 500": Would Kevin Warsh Change That?

Albert Edwards "Fed Is A Slave To The S&P 500": Would Kevin Warsh Change That?

Authored by Mike Shedlock via MishTalk.com,

Society General’s Albert Edwards was at the Bank Credit Analyst annual conference in New York last week.

Also in attendance were Larry Summers, Paul Volcker, and potentially the next Fed Chair, ex Fed-Governor Kevin Warsh.

Edwards’ email comments on Warsh and Summers ring a bell with me.

I was the first speaker and afterward I enjoyed listening to every other speaker at the two-day event.

 

Spanish Stocks Tumble On Growing Catalan Crisis; Dollar Weakens As China Jumps

Spanish Stocks Tumble On Growing Catalan Crisis; Dollar Weakens As China Jumps

While U.S. equity futures were little changed in a rerun of every other morning this month ahead of a diagonal ramp that closes the S&P at daily all time highs, things were more volatile elsewhere with the dollar sliding as investors weighed the possibility that current Fed Governor Jerome Powell, seen widely as far more dovish than Kevin Warsh, might take the reins from Janet Yellen, who Bloomberg reported was said to be getting the cold shoulder.

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