Trump’s Very Goodfriend: Fed nominee warns of asset bubbles, supports stable currency

Marvin Goodfriend, a professor at Carnegie Mellon and former economist at the Richmond Federal Reserve Bank, doesn’t like gold, advocates a tax on cash, loves subzero interest rates, and hated the last round of quantitative easing (QE).

A gold-hating, cash-bashing, negative rate-loving governor at the United States central bank? That’s likely.

Goodfriend testified at the Senate Banking Committe confirmation hearing on Tuesday morning, promising to boost transparency, increased accountability, and offer a “different perspective.”

Here are the key takeaways from his testimony:

– He thinks the Federal Reserve is on the right path.
– He agrees that a stable currency is important to have to maximize employment.
– He supported the first two rounds of QE, but disapproved of the third installment because “it was not called for.”
– He suggests that asset bubbles could be forming, which worries him about financial stability.

What was President Donald Trump thinking?

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  1. Yeah what was Donald Trump thinking when he hired Goodfriend? If he’s a gold hater it’s because he’s a NWO scumbag.

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